Panasonic Holdings
Panasonic Holdings is a major Japanese multinational electronics company, renowned for its diverse range of products spanning consumer electronics, batteries, and energy solutions. Founded in 1918, the company has evolved into a significant player in the global electronics market, with a workforce of approximately 228,000 employees worldwide. Recently, Panasonic announced a significant restructuring plan that includes the layoff of 10,000 employees and an estimated restructuring cost of around $900 million as part of its efforts to enhance profitability and operational efficiency. The company's ambitious goals include achieving a return on equity of 10% by March 2029 and increasing operational profit in its energy division, which supplies batteries for electric vehicles.
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Vietnam:
Panasonic Energy plans to start supplying batteries to Subaru and Mazda by 2027.
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Romania:
Panasonic Holdings announced it will lay off 10,000 employees as part of a major internal reform.
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