Panasonic Sales Slump Spurs Layoffs And Shutdowns

• Panasonic announced today that they’re expected to post their first loss in six years with a forecasted net loss of $4.3 Billion, by year end March 31st, 2009.
• The companies already taking extreme measures to neutralize the losses.  They’ll be cutting near 5% of their workforce (a wopping 15,000 jobs) and closing down 27 factories……eeeeesh.
• Will the cutbacks make room for their acquisition of Sanyo?

See other Panasonic related stories:

Panasonic To Announce New Technology; Making An EV Move?

Panasonic Buys Sanyo To Boost Solar & Battery Production

So……What’s Green At CES?

Solar Sector To Bail Out Declining Chip Industry?

Solar Sector 2008 Wrap Up: Isn’t It Ironic, Don’t You Think?

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