Panasonic had over 240 thousand employees in March 2022. This represents a decrease compared with the previous fiscal year.
Collaboration with Tesla
In 2012, Panasonic suffered a major dent in operating profits and began to cut thousands of jobs related to the company's activities in the consumer electronics market. However, Panasonic turned a corner in 2016 and tied up with Tesla to produce lithium-ion batteries for electric cars at a gigafactory in Nevada. Both companies began hiring personnel to manufacture the battery cells on-site.
Labor market in Japan
Nearly 40 percent of Panasonic employees are based in Japan. The unemployment rate in Japan rose to five percent during the 2008/09 financial crisis. About two years later, many Japanese manufacturers were forced to halt operations as a result of the 2011 earthquake and tsunami. Ultimately, these events resulted in layoffs in the manufacturing sector. However, the reduction of unemployed women has helped Japan recover from recession, natural disasters, a weak currency, and labor shortages. In 2020, only about 2.5 percent of the female workforce were without jobs.
Number of Panasonic employees from FY 2015 to FY 2022
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Panasonic. (May 11, 2022). Number of Panasonic employees from FY 2015 to FY 2022 [Graph]. In Statista. Retrieved May 16, 2022, from https://www.statista.com/statistics/313008/number-of-employees-at-panasonic/
Panasonic. "Number of Panasonic employees from FY 2015 to FY 2022." Chart. May 11, 2022. Statista. Accessed May 16, 2022. https://www.statista.com/statistics/313008/number-of-employees-at-panasonic/
Panasonic. (2022). Number of Panasonic employees from FY 2015 to FY 2022. Statista. Statista Inc.. Accessed: May 16, 2022. https://www.statista.com/statistics/313008/number-of-employees-at-panasonic/
Panasonic. "Number of Panasonic Employees from Fy 2015 to Fy 2022." Statista, Statista Inc., 11 May 2022, https://www.statista.com/statistics/313008/number-of-employees-at-panasonic/
Panasonic, Number of Panasonic employees from FY 2015 to FY 2022 Statista, https://www.statista.com/statistics/313008/number-of-employees-at-panasonic/ (last visited May 16, 2022)