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Chipmaker On Semi to cut up to 870 jobs at Sanyo unit

(Reuters) - On Semiconductor Corp, a maker of power-management chips, said it would cut up to 870 jobs at its Sanyo Semiconductor unit as it looks to reduce costs. The company said it would cut 600-700 jobs through a voluntary retirement program and take a related charge of about $40 million to $48 million, mostly in the fourth quarter. It expects to save about $36-$45 million in costs in the first year after completing the retirement program.

Panasonic planning to expand white goods output in Japan

Panasonic Corp. is planning to expand production of white goods appliances such as washing machines and refrigerators in Japan in response to the yen's depreciation, a senior company official said Monday. The yen's decline against foreign currencies since last autumn has reduced profitability of white goods that are produced in China and imported into Japan, Senior Managing Director Kazunori Takami said in an interview with Kyodo News and other media.

Panasonic investigated in US for alleged bribes: report

The US government is investigating whether a unit of Japanese electronics giant Panasonic Corporation paid bribes abroad to ease business deals, The Wall Street Journal reported Monday. Citing company documents, the paper said the probe is focused on Panasonic Avionics Corporation (PAC), a subsidiary based in Lake Forest, California that manufactures in-flight entertainment and communications systems for airlines.

Panasonic investigated in US for alleged bribes: report

The US government is investigating whether a unit of Japanese electronics giant Panasonic Corporation paid bribes abroad to facilitate business deals, The Wall Street Journal reported Monday. Citing company documents obtained exclusively, the newspaper said the probe is focused on Panasonic Avionics Corporation (PAC), a subsidiary based in Lake Forest, California, that manufactures in-flight entertainment and communications systems for airlines.
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