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Panasonic lay off 40,000 workers in two years

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The Japanese electronics giant consumption, Panasonic, lay off 40,000 workers in two years in an attempt to improve their competitiveness against Asian rivals, according to Reuters.

The company employs 380,000 people and invest over a billion dollars in restructuring the company. Analysts believe that this is a great movement to modernize. The information has not been confirmed by the company.

All information here. Source: El País - Technology.

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