Panasonic announced Friday that it would make major cuts to its global workforce. But local officials said they continue to ramp up to begin EV battery production at the company’s new plant in De Soto. During an investor call Friday, the Japanese company announced it would cut 10,000 jobs globally, representing roughly 4% of its total workforce. Panasonic plans to cut about 5,000 jobs in Japan and 5,000 jobs internationally by end of the company’s fiscal year, which ends in 2026.
Source: Kansas City Business News – Local Kansas City News | Kansas City Business Journal
