Overview

• The main operating company will accept volunteers from October 1 to 31, focusing on employees aged 40 to 59 with at least five years of service and re-hired workers, with no quota disclosed.
• Packages include enhanced payouts, with reports indicating a 55-year-old non-manager could receive an additional 60 months of base pay, and the company aims to complete reductions by year-end.
• The initiative sits within Panasonic Holdings’ plan to cut about 10,000 positions, roughly 5% of its workforce, and the main unit accounts for around 40% of group headcount.
• Other group companies are expected to follow with similar solicitations, while Panasonic Energy and Panasonic Connect will not participate in this round.
• The restructuring seeks to scale back lower-margin consumer electronics and strengthen corporate businesses such as EV battery production and AI-driven services.