Panasonic to cut 1000 domestic jobs, for structural reorganization of the company

Highlights

• Panasonic to eliminate 1,000 jobs in Japan
• This is a part of the early voluntary retirement program

Panasonic Corp is planning to eliminate more than 1,000 jobs in Japan. This will take place through an early retirement pr...

FORD TO ELIMINATE 1,400 U.S. SALARIED JOBS SAYS FORD AMERICA’S PRESIDENT GALHOTRA

Highlights

• The President of Ford America, Kumar Galhotra in an email to the employees said that the company is in a multiyear process of making Ford more fit and effective across the globe

• These layoffs are part of a multiyear $11 billion restructuring

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NISSAN PLANS FOR VOLUNTARY RETIREMENT FOR EMPLOYEES

Highlights:

• South Korean unit of Nissan is planning a voluntary retirement for its employees.
• Around 60 employees have already submitted the letter of resignation.
• Nissan has cut its annual operating profit forecast by 43%.