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Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5% minimum set by the company's president, Kazuhiko Tsuga.
Huawei said it had not worked with an institute in Singapore on any projects in the specialist field of an American engineer who died mysteriously last year shortly after leaving the institute.
Panasonic is shaping up for a post-TV future, say company executives and analysts.