Panasonic Corp. (PC: Quote) 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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by RTT Staff Writer
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