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Tag: Employment

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

Trump Says US-UK Trade Deal ‘Signed and Done’ at G7 Summit
Posted inEconomy

Trump Says US-UK Trade Deal ‘Signed and Done’ at G7 Summit

USNN World Newsby USNN World NewsJune 16, 2025June 16, 2025
Interior Department Announces $200 Billion LNG Supply Agreements With Japan
Posted inWorld

Interior Department Announces $200 Billion LNG Supply Agreements With Japan

USNN World Newsby USNN World NewsJune 13, 2025June 13, 2025
New York Fed Reports Drop in Consumer Inflation Concerns, Positive Shift in Job Market
Posted inEconomy

New York Fed Reports Drop in Consumer Inflation Concerns, Positive Shift in Job Market

USNN World Newsby USNN World NewsJune 9, 2025June 9, 2025
One Big Beautiful Bill
Posted inOpinion

“One Big Beautiful Bill” or “Debt Slavery Act”? Inside the High-Stakes Battle Over Trump’s Economic Agenda

USNN World Newsby USNN World NewsJune 7, 2025June 7, 2025
Job Openings Unexpectedly Jump to 7.39 Million in April: JOLTS
Posted inEconomy

Job Openings Unexpectedly Jump to 7.39 Million in April: JOLTS

USNN World Newsby USNN World NewsJune 3, 2025August 5, 2025
Trump Strikes $244 Billion in Deals With Qatar, Including ‘Historic’ Boeing Jet Sale
Posted inWorld

Trump Strikes $244 Billion in Deals With Qatar, Including ‘Historic’ Boeing Jet Sale

USNN World Newsby USNN World NewsMay 14, 2025June 5, 2025
Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organizations and personnel actually needed,” said the statement. Story continues below advertisement Panasonic will also terminate loss-making businesses that have “no prospect of improving profit.” “Through these measures, the company will optimize our personnel on a global scale,” it said. The layoffs are part of Panasonic’s broader management reform. The company is banking on these measures in fiscal 2026 to “resolve its various structural issues.” Related Stories Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs 5/8/2025 Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report 5/1/2025 Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report The management reform seeks to improve profit by a minimum of 150 billion yen—roughly $1 billion—in fiscal year 2027 compared to fiscal 2025. For the current fiscal year 2026, Panasonic expects structural reforms to cost the company 130 billion yen, approximately $900 million. In an April 10 statement, Yuki Kusumi, the CEO of Panasonic Group, highlighted the need to change the organizational culture in the company. “There is a deep-rooted tendency toward following the established framework once a decision has been made. If we are going to improve the efficiency and quality of our work, then we must become an organization that is constantly changing, with each individual taking the initiative to make changes,” he said. “I believe we need to advance to the stage where change is considered a virtue. To achieve this, it is extremely important that we avoid being constrained by deeply ingrained behaviors.” The layoff announcement came on May 9 as Panasonic reported its consolidated financial results for fiscal year 2025, which ended on March 31. Story continues below advertisement Sales were at 8,458.2 billion yen, approximately $58 billion, down 0.5 percent from a year ago, which was partly due to the impact of deconsolidation in the company’s automotive segment, said the earnings report. Operating profit jumped 18 percent year-over-year, partly due to higher sales. According to Panasonic, the global economy experienced a gradual slowdown during the fiscal year ending March 31. For fiscal year 2026, net sales are expected to decrease, with operating profit also forecast to fall. Potential impacts of tariffs from the United States were not included in the forecast. “The company continues to monitor the tariff situation and aims to minimize the resulting impact by taking measures from both short-term and medium- to long-term perspectives,” Panasonic said. In January, Panasonic Well, a division of the company, announced a plan to create “the first comprehensive wellness ecosystem” for families. “Families are at their breaking point as chronic stress, disconnection, and fragmented wellness solutions are taking a toll, and the call for help is loud and clear,” the company said. Panasonic’s wellness solution is expected to aid families in dealing with wellness issues and “help modern families thrive.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
US Tariff Revenues Reach Record $15 Billion in April: Treasury
Posted inNational News

US Tariff Revenues Reach Record $15 Billion in April: Treasury

USNN World Newsby USNN World NewsApril 30, 2025August 20, 2025
US Job Openings Slide to 6-Month Low, Layoffs Fall
Posted inEconomy

US Job Openings Slide to 6-Month Low, Layoffs Fall

USNN World Newsby USNN World NewsApril 29, 2025April 29, 2025
IBM Announces $150 Billion US Investment to Boost Quantum Computing and Manufacturing
Posted inBusiness

IBM Announces $150 Billion US Investment to Boost Quantum Computing and Manufacturing

USNN World Newsby USNN World NewsApril 28, 2025April 28, 2025
US Manufacturing Shows Signs of Improvement as Factory Output, Orders Tick Higher
Posted inEconomy

US Manufacturing Shows Signs of Improvement as Factory Output, Orders Tick Higher

USNN World Newsby USNN World NewsApril 23, 2025April 23, 2025
Swiss Pharma Company Announces $50 Billion US Investment, 12,000 New Jobs
Posted inEconomy

Swiss Pharma Company Announces $50 Billion US Investment, 12,000 New Jobs

USNN World Newsby USNN World NewsApril 22, 2025May 11, 2025

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NATIONAL NEWS

  • 2 National Guardsmen Killed in Shooting Near White House2 National Guardsmen Killed in Shooting Near White House
    By Ryan Morgan WASHINGTON—Two National Guard members were killed in a shooting near the White House on Nov. 26. At around 2:40 p.m. ET on Wednesday, ...
  • NASA Reduces Boeing’s Starliner Missions as SpaceX Books More FlightsNASA Reduces Boeing’s Starliner Missions as SpaceX Books More Flights
    By Kimberly Hayek NASA is reducing its investment in Boeing’s beleaguered Starliner spacecraft, announcing Monday that it’s lowering the number of astronaut missions and opting ...
  • Pentagon Investigating Senator After Video Urging Troops to Defy ‘Illegal Orders’Pentagon Investigating Senator After Video Urging Troops to Defy ‘Illegal Orders’
    By Zachary Stieber Sen. Mark Kelly (D-Ariz.) is under investigation after the Department of War received allegations that he engaged in misconduct, the department stated ...
  • Federal Judge Dismisses James Comey, Letitia James IndictmentsFederal Judge Dismisses James Comey, Letitia James Indictments
    By Sam Dorman A federal judge on Nov. 24 dismissed indictments of former FBI Director James Comey and New York Attorney General Letitia James, holding ...
  • Safety Board Releases Images Showing Engine Separating From UPS Plane Before Fatal CrashSafety Board Releases Images Showing Engine Separating From UPS Plane Before Fatal Crash
    By Jacki Thrapp The National Transportation Safety Board (NTSB) released new images showing the fiery moment UPS Flight 2976’s left engine detached while it attempted ...
  • 30,000 Missing Illegal Immigrant Children Located: Tom Homan30,000 Missing Illegal Immigrant Children Located: Tom Homan
    By Naveen Athrappully More than 30,000 missing illegal immigrant children have been located by the Trump administration, border czar Tom Homan said in a Fox ...
  • US Brings New Charges, Raises Bounty on Accused Drug Trafficker Ryan WeddingUS Brings New Charges, Raises Bounty on Accused Drug Trafficker Ryan Wedding
    By Catherine Yang and Stacy Robinson The Justice Department on Nov. 19 announced new charges against Ryan James Wedding, a former Olympian who was indicted ...
  • Appeals Court Halts DOT Restrictions on Commercial Driver’s Licenses for ImmigrantsAppeals Court Halts DOT Restrictions on Commercial Driver’s Licenses for Immigrants
    By Aldgra Fredly A federal appeals court in the District of Columbia has temporarily blocked the Department of Transportation (DOT) from enforcing a new rule ...
  • FAA to End Flight Reduction Order, Return to Normal Operations Monday MorningFAA to End Flight Reduction Order, Return to Normal Operations Monday Morning
    By Joseph Lord and Aldgra Fredly The Federal Aviation Administration (FAA) will terminate its standing order to reduce flights out of U.S. airports on Nov. ...
  • US Designates 4 Antifa Groups as Foreign Terrorist OrganizationsUS Designates 4 Antifa Groups as Foreign Terrorist Organizations
    By Janice Hisle The U.S. government has designated four Antifa groups as both “Foreign Terrorist Organizations” and “Specially Designated Global Terrorists.” Those groups are: Antifa Ost, ...
  • SSA Watchdog Warns About New Government-Imposter ScamSSA Watchdog Warns About New Government-Imposter Scam
    By Naveen Athrappully A new government-imposter scam is targeting Social Security recipients via fake emails, letters, or texts, the Office of the Inspector General (OIG) ...
  • What’s Next for Congress After Government ReopensWhat’s Next for Congress After Government Reopens
    By Jackson Richman WASHINGTON—After more than 40 days, Congress has passed legislation to end the government shutdown. The bill funds the government through Jan. 30, 2026. It ...
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