2 months ago
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Panasonic Holdings Corp. is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift into more lucrative areas such as powering AI data centers.
The Osaka-based company, whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla Inc., will restructure or streamline businesses with low growth potential, according to a statement released on Tuesday. It said it will also make changes to its employment structure.
