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Industry News Articles

Panasonic to cut 5,000 staff

30 May 2013

Panasonic has revealed plans to cut up to 5,000 jobs in its automotive division over the next three years in attempts to improve profits.

The company has struggled to maintain sales and revealed a net income prediction of 50bn yen earlier this month, 14bn less than analysts had expected.

The company has lost ground to rival companies such as Samsung and Sony, losing large sums of money over the last two years.

The division employs around a third of Panasonic’s workforce but company president Kazuhiko Tsuga has revealed a two-year restructuring plan which aims to turn around its electronics division.

Borer's FUSION Time Recording System

With a high number of employees on payroll, using Borer's FUSION Time Recording System will help reduce management involvement and the administrative effort required to manage a time management scheme.

It is labour demanding to manage and maintain a centrally administered or paper based flexitime system. Invariably, queries arise in relation to flexi balances and the process can become a very complicated one, particularly for the HR department.

Implementing an automated time and attendance system makes things very easy for both employees and their managers alike.

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Access Control Systems using Power over Ethernet (PoE) Technology from Borer