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Panasonic to cut 1,700-plus jobs in Japan and Singapore

Ax comes down as technology group logs operating margin below 4%

Panasonic's announcement that it would shed 700 workers in Singapore was followed the next day by the news that more than 1,000 workers had applied for its early retirement program in Japan.   © Reuters

SINGAPORE/OSAKA -- Panasonic has decided to eliminate hundreds of jobs at home and abroad as part of a wide-ranging restructuring in response to lackluster earnings.

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