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MATSUSHITA ELECTRIC TO CONSOLIDATE OPERATIONS, TRIM 5,000 JOBS.
OSAKA, April 2 Asia Pulse - Matsushita Electric Industrial Co. (TSE:6752) on Friday announced its groupwide restructuring plan involving the consolidation of marketing operations and a reduction of 5,000 jobs.
On April 1, the company will create two central marketing divisions for its National and Panasonic brands. Each of the brand divisions will consolidate functions handled to date by separate sales, advertising and other divisions. Matsushita Electric Industrial hopes the reorganization will result in speedier responses to market demands.
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