• Fri
  • Sep 19, 2014
  • Updated: 7:39pm

Panasonic

Panasonic was founded in 1918, and is now one of Japan’s largest electronics group and in 2012 was its biggest corporate employer. It is one of the world’s top five television makers and one of the world’s top 20 semiconductor manufacturers.

Panasonic offers pollution premium on top of pay for staff sent to China

Japanese electronics giant Panasonic said yesterday it would pay employees sent to China a wage premium to compensate for the country's hazardous air pollution, in a possible first for an international company.

Friday, 14 March, 2014, 1:10pm

Pay rises at Japan’s top firms will be blunted by rise in sales tax

Big Japanese companies such as Toyota Motor will offer the most generous pay raises in years on Wednesday, but workers will still struggle to offset a sales tax increase next month, highlighting the difficulties the government is facing in overcoming entrenched deflation.

12 Mar 2014 - 3:28pm

Panasonic appoints first woman to board

Panasonic named the first female board member in its 95-year history while trimming the executive ranks as the electronics company tries to lower costs and speed up decision-making after a record annual loss.

2 Mar 2013 - 4:17am

Renesas to sell US$1.8b in shares to Japan fund, companies

Renesas Electronics, the ailing Japanese chipmaker, will sell at least 150 billion yen (US$1.8 billion) of new shares to a government-backed fund and customers as part of a bailout plan.

10 Dec 2012 - 3:44pm

Japanese science students snub Sony jobs in favour of dairies

Japan’s science students are eschewing traditional high-powered employers such as Sony and Panasonic to help make ice cream and yogurt.

They are applying to dairies. That says quite a bit about the current state of Japan -- and, some say, its future.

10 Dec 2012 - 2:16pm

Junk rating for bleeding Sony and Panasonic

Sony and Panasonic, the Japanese electronics makers reeling from record losses, have had their long-term credit ratings downgraded to junk by Fitch Ratings, citing a weak recovery in the television market.

Sony's rating was cut by three levels to BB-, three steps below investment grade, with a negative outlook, Fitch said yesterday.

23 Nov 2012 - 2:21am

Fitch cuts ratings on Panasonic, Sony to junk

Japan’s embattled electronics sector suffered another blow on Thursday as ratings agency Fitch downgraded industry titans Sony and Panasonic to junk status.

The agency slapped a speculative rating on each firm, pointing to their weak balance sheets and declining position in the global electronics sector.

22 Nov 2012 - 3:54pm

Japan’s electronics sector in race against time

Japan’s battered electronics giants are in a race against time, analysts say, as losses that threaten their very survival mount and as overseas rivals look like they are running away with the show.

29 Aug 2013 - 4:13am

Briefs, November 1, 2012

Investors OK takeover bid by News Corp

1 Nov 2012 - 4:48am

Panasonic to lose US$9.6b this year

Panasonic said Wednesday it would book a mammoth US$9.6 billion net loss in the fiscal year to March as the Japanese consumer electronics giant undergoes a major overhaul of its troubled business.

While the firm said it would achieve an operating profit, restructuring costs and writedowns would see it post the whopping 765 billion yen shortfall.

31 Oct 2012 - 3:58pm

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