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Matsushita Electric to cut more than 1,000 jobs

Posted: 26 Jan 2005 ?? ?Print Version ?Bookmark and Share

Keywords:consumer electronics? mobile equipment? digital electronics?

Japanese consumer electronics giant Matsushita Electric Ind. Co. will cut more than 1,000 domestic jobs within its digital electronics business, according to a report from Nihon Keizai Shimbun on Monday (Jan. 24).

Matsushita has implemented an early retirement program for employees at Panasonic AVC Networks Co., according to the report. The unit consists of its audiovisual and mobile equipment products, it said.

The sector generates 40 percent of the company's revenue, the report said.

- Silicon Strategies

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