Friday, December 19, 2008
Thursday, December 18, 2008
Canon to Lay Off 1,200 - In Japan
Camera's are Canon's "sweet-spot", right?
Reports say Canon is laying off 1,200 "contract" workers - workers that are not on the company payroll but get pay through accounts payable, on a temporary contract.
At first blush, this does not seem as bad as laying off employees of the company - it is similar to firing your pool guy.
But - Canon has been changing employment structures for years. Today, every third Japanese employee is on a temporary contract.
Japanese efficiency.
Posted at The Earth Times
Reports say Canon is laying off 1,200 "contract" workers - workers that are not on the company payroll but get pay through accounts payable, on a temporary contract.
At first blush, this does not seem as bad as laying off employees of the company - it is similar to firing your pool guy.
But - Canon has been changing employment structures for years. Today, every third Japanese employee is on a temporary contract.
Japanese efficiency.
Posted at The Earth Times
Sanyo and Panasonic -
Panasonic gets the "ok" to take Sanyo.
The impact of this merger does not carry the same significance as the RiKon deal, but still worth a mention- it's a nine billion dollar deal.
The takeover also alludes a more financial and timing decision between cash rich Panasonic and the primary Sanyo stake-holders - financial houses, Goldman Sachs Group, Sanyo Electric, Daiwa Securities SMBC and Sumitomo Mitsui Banking.
"This shows that Goldman is in need of cash and wants to recoup its investment quickly," said Shigeo Kikuchi, an analyst at Takagi Securities in Tokyo, to Bloomberg News. "This is a symbolic event in this recession. Whoever has cash is strong."
Good article here, by Chad Berndtson, ChannelWeb.
With the assimilation of Sanyo, Panasonic bolsters it's consumer electronic presence - could this have an effect on Panasonic's copier and printer business? A "spin-off" perhaps?
The impact of this merger does not carry the same significance as the RiKon deal, but still worth a mention- it's a nine billion dollar deal.
The takeover also alludes a more financial and timing decision between cash rich Panasonic and the primary Sanyo stake-holders - financial houses, Goldman Sachs Group, Sanyo Electric, Daiwa Securities SMBC and Sumitomo Mitsui Banking.
"This shows that Goldman is in need of cash and wants to recoup its investment quickly," said Shigeo Kikuchi, an analyst at Takagi Securities in Tokyo, to Bloomberg News. "This is a symbolic event in this recession. Whoever has cash is strong."
Good article here, by Chad Berndtson, ChannelWeb.
With the assimilation of Sanyo, Panasonic bolsters it's consumer electronic presence - could this have an effect on Panasonic's copier and printer business? A "spin-off" perhaps?
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