Panasonic looking to slash HQ personnel | The Japan Times Online - 2 views
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Panasonic looking to slash HQ personnel
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Emily Hoshi on 01 Jun 12Panasonic (oligopolistic firm) is considering to cut workers due to recession, so microeconomics on oligopoly with the x-axis with quantity and y-axis with price can be made.
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Ayaka Matsumura on 01 Jun 12In the end, is it possible to find a way to NOT cut workers?
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Ayaka Matsumura on 01 Jun 12In your IA maybe you could add a simple note saying how long the recession has been going on.
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reduce costs and streamline the organization
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I assume this section is saying that they are trying to reduce costs of production and increase efficiency. However, in most cases if a firm tries to lower the price they would lose customers due to price war between other firms that produce homogenous goods so it would be risky to change prices when its oligopoly. Although, their main aim is to recover its business so they are trying to cut many workers, reduce costs and increase efficiency.
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drastic workforce downsizing at its Osaka
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