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.

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