Panasonic dismiss 15 thousand employees.

Panasonic Corporation of Japan intends to reduce costs in the closing 27 factories, 13 of which are located in Japan, sends MarketWatch. This will lead to a reduction in personnel by the end of March 2010 to 15 thousand employees.
The company anticipates that its losses in the 2008 fiscal year ending March 31, 2009, amount to 4.2 billion dollars instead of the expected profit of 335 million dollars. This is the biggest loss for the past seven years, said Bloomberg. Sales are projected corporations will fall by 15 per cent.
Representatives Panasonic does not exclude an increase in the number of closed factories. In this case, the number of laid-off employees may also increase.
On the dismissal has already reported and the main competitor of Panasonic, the corporation Sony. In addition, large-scale reduction in train and NEC Hitachi, to dismiss a total of 27 thousand people.