Japan Giant Is Outsourcing Offshore

Money reports the parent company of Panasonic, Matsushita Electric Industrial Co. Ltd., is cutting jobs and moving them offshore to China and Malaysia. Outsourcing and Offshoring is not limited to the US, it's a truly global process.

"After two years of losses, Matsushita swung to profit in the past business year ended March 31, helped in part by cost-cutting efforts from a restructuring programme started three years ago that included plant closures and around 13,000 job cuts."

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