News
OSAKA – Panasonic is reportedly planning to cut 3,000 to 4,000 workers at its headquarters here in Japan as the money-losing enterprise tries to stem the tide.
Some employees could be relocated or offered early retirement, according to published reports citing an unnamed source at the plant. Currently, the site employs 7,000.
The firm previously announced 17,000 layoffs.
Panasonic posted a $9.7 billion loss in 2011. The electronics giant employs 350,000 workers globally.
BEIJING – China is “shocked” that the US is alleging Chinese companies provided counterfeit electronic parts to the US army, says a spokesperson for China's Foreign Ministry.
China’s Foreign Ministry believes the US government should first investigate contract details and identify suppliers, according to published reports.
The statements came in response to a US Senate Armed Service Committee report that states the finding of more than one million suspected counterfeit parts in the Department of Defense's supply chain, about 70% of which were determined to have come from Chinese companies. The committee also said the US Defense Ministry and US-based defense contractors worked with hundreds of independent distributors.
The parts were slated for use in US Navy helicopters and surveillance planes, and Air Force cargo planes.
HONG KONG -- SMT Holdings Ltd. reported fiscal fourth-quarter revenue fell 58% year-over-year to HK$182.7 million ($23.5 million) on operation downsizing and drops in demand for LCD TVs, computer peripherals, industrial and automotive products.
Press Releases
- Strong signal for the industry: productronica 2025 drives positive industry trend
- Sharpen Your ESD Skills: CE3S Announces Desco’s First ANSI/ESD S20.20 Training Series for 2026
- Mycronic Secures Turnkey Solution Order from a Nordic Defense Actor
- Altus Partners with Sellectronics to Enhance Manufacturing Capabilities with PVA Delta 8 System