Panasonic to Slash 10,000 Roles, Reviewing Efficiency of Group Companies

What’s going on at Panasonic?

Panasonic Holdings (Panasonic) is planning to eliminate approximately 10,000 roles as part of a nearly $900-million restructuring.

The electronics giant said in a statement on May 9 that half of the job cuts will affect its Japanese workforce.

In addition to scaling back its staffing levels, Panasonic announced in February that it was reviewing the operational efficiency of its group companies, particularly in sales and back-office divisions.

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Impact on Canadian staff

It remains unclear if Canadian employees at Panasonic will be let go.

According to LinkedIn, the company has more than 120 workers in the country.

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If you’ve lost your job at Panasonic for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.

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