Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday February 04, 2012

Panasonic Forecasts Staggering $10B Annual Loss

It’s been a really tough year all around for Japanese electronics companies; especially hard hit has been Panasonic. The electronics company is projecting a loss of $10.2 Billion dollars for the coming year, triggering a restructuring of the company.

Panasonic will join Japanese rivals Sony and Sharp in trying to revamp and restructure its business to achieve profitability again.