TOKYO, Feb 06 (News On Japan) –
Panasonic Holdings has introduced plans to dissolve its core subsidiary, Panasonic Corporation, and cut up it into three separate firms as a part of its enterprise restructuring efforts.
The firm revealed on February 4th that it has but to determine whether or not the brand new entities will retain the Panasonic identify. This restructuring, set to start within the subsequent fiscal 12 months, additionally features a evaluation of unprofitable companies, corresponding to house home equipment, and workforce reductions by means of voluntary retirement, aiming to enhance profitability by over 300 billion yen.
Regarding its struggling tv enterprise, Panasonic said that whereas it’s ready to promote the division, it at present sees no potential patrons. The firm is now contemplating choices together with a whole exit or a sale.
Source: YOMIURI