News Headline Summary

Panasonic (6752 JT) discussing shutting businesses before mid-term plan

Co. President says
- Closing businesses is 'worst case' scenario.
- Employee numbers may fall further as it reorganizes its business and cuts costs.
- May seek joint ventures with other companies to help bolster weak business units, may close or sell units to return to profit growth.
- May also sell non-core profitable business units to raise cash.

Reaction details (04:34)

- No immediate reaction seen in Co. share price, trades at 512 (-1.54%).

09 Jan 2013 - 04:30 - Equities - Source: Newswires

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