Core Viewpoint - Panasonic is undergoing significant restructuring, planning to optimize over 10,000 employees, which represents approximately 4.4% of its global workforce of 228,000. This restructuring aims to enhance flexibility and competitiveness across its various business segments [2][5]. Group 1: Restructuring Plans - Panasonic plans to optimize a total of 10,000 employees, with equal distribution between domestic and international operations, to be implemented by the end of the fiscal year 2026 [2]. - The company intends to dissolve Panasonic Electric Company by the end of fiscal year 2025 and create three new subsidiaries: "Smart Living Company" for home appliances, "Air Quality and Food Distribution Company" for air conditioning, and "Electrical Engineering Company" for lighting [2][5]. - The restructuring is designed to allow each business unit to respond more flexibly to market changes and prevent challenges in one segment from affecting the entire group [5]. Group 2: Clarifications and Statements - Panasonic issued a statement clarifying that there are no plans to exit or sell its "industrial motors and automotive components" business, and that the optimization of personnel will occur between fiscal years 2025 and 2026, not by March 2029 as previously reported [3]. - The company emphasized that the restructuring is a response to significant challenges, particularly in the television sector, which is no longer profitable [4][5]. Group 3: Financial Performance - For the fiscal year 2024, Panasonic reported revenues of 8.46 trillion yen, a decrease of 0.5% from the previous year, and a net profit of 366.2 billion yen, down 17.5% year-on-year. However, operating profit increased by 18.2% to 426.49 billion yen [8]. - The company anticipates a loss of approximately 130 billion yen in the fiscal year 2025 due to the restructuring efforts, despite hopes for profit growth by fiscal year 2026 [8]. Group 4: Market Context - Panasonic, founded in 1917, has seen its television business decline significantly due to increased competition from Chinese brands, which now dominate the market. In 2024, Chinese brands accounted for over 70% of the market share in Japan, while Japanese brands' share fell to 18.7% [6][7].
万人裁员背后的松下电器：营收净利均下滑，“困境非常明显”