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Business

Panasonic takes out scalpel again as profits falter

Restructuring is not enough; company needs new growth drivers

OSAKA -- Panasonic plans another round of restructuring of unprofitable businesses, responding to sinking profits with the same prescription that has restored the ailing giant to health before. Yet the company will need more than cutbacks to thrive in an electronics industry searching for new growth avenues as prices slide.

Slimming down

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