TOKYO - Panasonic Corp., Japan's largest domestic appliance manufacturer, about 17,000 jobs cuts more than two years as his loss on restructuring costs and damage caused by the March 11 swell disasters.
President Fumio Ohtsubo said the company optimize all operations to increase profitability, including selling some of their operations and his almost to 367,000 workers to 350,000 by fiscal year end March 2013 reduce is.
Like other Japanese electronics, which South Korea has fought against competition from newcomers and huge players from makers including archrival Sony Corp., Panasonic as Samsung Electronics Co., has the world's leading provider of flat-panel TVs. Panasonic constantly trim its workforce to reduce costs. About a year ago, it had 385,000 workers.
Osaka-based Panasonic recorded a loss in the January March quarter 40.7 billion yen ($ 499 million) on Thursday. The loss was especially to 61 billion yen ($ 748 million) in restructuring costs, it. Panasonic had reported a 8.89 billion yen loss for the same period last year.
The manufacturer of the Viera flat panel TVs and Lumix digital cameras his bottom line said also damage was on 11 March earthquake and tsunami bottlenecks and derated consumer spending in the middle of the subsequent nuclear reactor advised crisis ground to a halt in the north-eastern Japan, the production due to the parts.
Panasonic said it was not give forecasts for the year which began April 1, since it could still charge not the full damage of the disasters. It 21 billion yen ($ 258 million) in operating earnings for the fiscal year ended March 31 shaved said the disasters.
Panasonic has tried to turn in recent years by adapting to a global shift toward cheaper gadgets, including new strategies, you after the addition of Japanese battery and solar panel manufacturer SANYO Electric Co., a subsidiary chisel is.
SANYO's strength lies in cheaper home appliances as well as in solar panel and battery company, which is expected to benefit from more consumer enthusiasm for "green" energy efficient technologies.
Ohtsubo said the company under the brand name Panasonic 9.4 trillion yen ($ 115 billion) in sales for the fiscal year be standardized are targeting by March 2013.
Panasonic hopes, will be no. 1 in the world among the top three global solar panels and lithium-ion batteries, he said.
A turning point operations, taking advantage of the growth in new markets such as India and Viet Nam, come from increasing his flat TV Ohtsubo said.
"It is as much for us against links," he said Central a Osaka satellite feed in Tokyo. "We hope to revive our TV business."
For the three months March 31 Panasonic's global sales dipped 7 percent last year to 2.04 trillion yen ($ 25 billion).
For the fiscal year, it reported 74 billion yen profits (908 million dollars), a reversal from the 103.5 billion yen loss of the previous fiscal year.
A strong yen damage also Panasonic, slashing fiscal year operating profit of 43.9 billion yen (539 million US dollars). A strong yen hurts Japanese exporters by eroding the value of their overseas income.
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