TOKYO: Japan's Panasonic Holdings said on Friday it will cut 10,000 employees and expected to book structural reform costs of 130 billion yen ($896.06 million) this business year as part of a continuing management reform push of its group.
The company will make the headcount reduction at consolidated companies mainly in the current business year, with half of the cuts planned for Japan and the other half for overseas, it said in a statement.
