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Panasonic deal on 3D TVs to lift image

Business | Home appliance
2009-8-22

PANASONIC Corp has signed on "Titanic" director James Cameron and his upcoming film in an advertising blitz for its TVs equipped with 3D, or three-dimensional, technology, both sides said yesterday. The deal between...

Panasonic loses US$558m on sliding sales and lower prices

Business | Home appliance
2009-8-4

PANASONIC Corp posted a 52.98 billion yen (US$558 million) loss as sliding sales, falling gadget prices and restructuring costs kept the Japanese electronics maker in the red for a third straight quarter. The Osaka-based...

Panasonic robot can deal drugs

World
2009-7-8

PANASONIC Corp said yesterday that it has developed a medical robot that dispenses drugs to patients, the Japanese electronics giant's first step into robotics. Panasonic will sell the robot to Japanese hospitals...

Panasonic suffers 7-year hitch

Business | Machinery manufacturing
2009-5-16

PANASONIC Corp sank deep into the red during the last fiscal year, joining a growing list of Japanese electronics makers who have fallen victim to a stronger yen and a slump in global demand. The Osaka-based company...

Panasonic's takeover of Sanyo postponed

Business | Home appliance
2009-2-28

PANASONIC Corp is postponing its offer to buy smaller Japanese electronics rival Sanyo Electric Co Ltd citing the lengthy legal process -- delaying a deal that would make the combined entity one of the world's biggest...

Angry Panasonic workers block managers in office seige

National
2009-2-27

MORE than 600 workers at a Panasonic factory in Beijing kept their managers locked in an office for nearly six hours after the firm announced a plan to lay off 70 percent of the staff. The conflict broke out soon...

Panasonic to trim 15,000 jobs

Business | Machinery manufacturing
2009-2-5

PANASONIC Corp, the world's largest consumer-electronics maker, announced yesterday that it will cut about 15,000 jobs and predicted its first loss in six years as the deepening recession hurts demand for televisions...

Panasonic to cut 15,000 jobs, shut 27 plants

Business | Home appliance
2009-2-4

PANASONIC Corp. said today it will slash 15,000 jobs and shut down 27 plants worldwide to cope with plunging demand for its TVs, semiconductors and other electronics products. The world's largest maker of plasma...

Panasonic to cut 560 jobs, close Asian plants

Business | Home appliance
2009-1-28

PANASONIC Corp. said today it will cut 560 jobs in Asia due to the closure of two plants in the region, while declining to confirm a report saying the Japanese electronics giant will likely suffer its first net loss...

Investment cut as TV sales fall flat

Business | Home appliance
2009-1-10

PANASONIC is to cut its planned investment in factories that make flat-screen TVs after a global fall in demand for high-end electronics. The electronics giant is to cut about 100 billion yen (US$1.1 billion)...