$4.3B loss forces Panasonic to shed 15,000 jobs

Japanese electronics giant Panasonic on Wednesday forecast its first yearly loss in a long time and said it will slash jobs due to the worsening global economy.

The company plans to shed 15,000 jobs by the end of March, 2010 and shut factories in Japan amid slumping sales. Panasonic also forecast its first yearly net loss in six years,

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Jim Love, Chief Content Officer, IT World Canada

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