• The Associated Press


Panasonic Corp. said Wednesday it is reducing 15,000 jobs worldwide, about 5 percent of its workforce, by the end of March 2010 as it expects to lose ¥380 billion in the business year ending in March.

Half of those will be overseas, while the other half will be in Japan, the electronics giant said, without giving a further breakdown by nations. It is also closing 14 overseas plants and 13 domestic plants to adjust production and cut costs.

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