Panasonic Discussing Shutting Businesses, President Tsuga Says

Panasonic Discussing Shutting Businesses, President Tsuga Says

Kiyoshi Ota/Bloomberg

Workers assemble parts for Panasonic Corp. laptop computers at the company's plant in Kobe City, Japan. The company eliminated more than 38,800 jobs, or about 11 percent of its staff, in the year ended Sept. 30, 2012 and plans to further cut 8,000 jobs.