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Panasonic In Panic- Is The US Tariff Responsible?

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In a last-ditch attempt to ride out the rough economy, Japanese electronics giant Panasonic announced that it will eliminate 10,000 jobs worldwide—4% of its 230,000-strong global workforce. The reductions will be split evenly, with 5,000 lost in Japan and 5,000 abroad. The huge reduction is the initial phase of the company’s strategy to come out …

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