Panasonic Corp. (PC) plans to halve the number of workers at its headquarters in Osaka, Japan, the reports stated, citing person familiar with the matter .
The company plans to shrink its current 7,000-strong headquarters workforce by a range of 3,000 to 4,000 through such measures as early retirement and transfers to subsidiaries, reports stated.
The company is expected to start talks with the labor union as early as July about the job cuts at its headquarters, the report specified.
Panasonic reportedly may begin offering early retirement from this fall at the earliest, soliciting several hundred or so through the end of March 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.