Labor & Economic News Blog
Thursday, June 02, 2005
Matsushita Will Cut 500 Jobs, or 18 Percent of U.S. Workforce by SeptemberJune 2 (Bloomberg) -- Matsushita Electric Industrial Co., the world's biggest seller of plasma display televisions, will cut 500 jobs in the U.S., or 18 percent of its workforce there, using money saved to boost advertising on flat-screen TVs. ''
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