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Business trends

Panasonic to cut over 1,000 domestic jobs in planned structural reform

Group sales fell below 7 trillion yen for the first time in 25 years

File photo shows the head office of Panasonic in Osaka Prefecture.   © Kyodo

OSAKA (Kyodo) -- Panasonic will eliminate more than 1,000 jobs in Japan at the end of the month through an early retirement program as part of its planned structural reorganization, a company source familiar with the matter said Friday.

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