Panasonic will sell assets and cut 10,000 jobs in order to get rid of the loss

Reuters, Panasonic plans to cut 10,000 jobPhotography Equipments by the end of March next year to cut costs in order to return to profitability. In the last fiscal year, Panasonic has cut 36,000 jobs, including part of the job is achieved through the sale of existing businesses.
Told reporters in an interview on Wednesday, Hideaki Kawai, chief financial officer of Panasonic, Matsushita Group's 88 Division, fifth at a loss, and only half of theCamera Equipment

 division to achieve the targecamera tripodt of at least 5% of the gross profit margin.
"Our new boss given three years must be at least 5% gross margin target," Kawai said. "But we can not wait that long fishes need to deal with the Division shot."
Panasonic now plan stripped of assets worth 110 billion yen by March next year, most of the land and buildings in Japan. If the cash flow needs in the next fiscal year, they wilFlash Triggerl continue to sell more assets.
Last month, Panasonic has been warned of the possible loss of the fiscal year will be close to $ 10 billion.