TheCountOfNowhere Posted April 28, 2011 Share Posted April 28, 2011 Friom sky news: http://news.sky.com/skynews/Home/Business/Panasonic-Confirms-Thousands-Of-Job-Losses-Amid-Fierce-Consumer-Electronics-Competition/Article/201104415980962?lpos=Business_First_Home_Article_Teaser_Region_0&lid=ARTICLE_15980962_Panasonic_Confirms_Thousands_Of_Job_Losses_Amid_Fierce_Consumer_Electronics_Competition Quote Link to comment Share on other sites More sharing options...
@contradevian Posted April 28, 2011 Share Posted April 28, 2011 Who will buy all the "stuff" when everyone's redundant? Quote Link to comment Share on other sites More sharing options...
Odakyu-sen Posted April 28, 2011 Share Posted April 28, 2011 (edited) Friom sky news: http://news.sky.com/skynews/Home/Business/Panasonic-Confirms-Thousands-Of-Job-Losses-Amid-Fierce-Consumer-Electronics-Competition/Article/201104415980962?lpos=Business_First_Home_Article_Teaser_Region_0&lid=ARTICLE_15980962_Panasonic_Confirms_Thousands_Of_Job_Losses_Amid_Fierce_Consumer_Electronics_Competition It's worse than that, Jim. From the Asahi Shimbun website: http://www.asahi.com/business/update/0428/OSK201104280021.html パナソニックは、グループ全体で国内外約３８万人（２０１０年３月末現在）の従業員を、２０１３年３月末までに１割削減する方針を固めた。 You could ask Google to translate this Japanese sentence, in which case you would get: Panasonic is about 38 million people worldwide in the whole group (March 31, 2010), employees, plans to cut 10 percent by the end of March 2013. Or you could get a human to translate, in which case it would come out as: Panasonic has decided to reduce its global Group workforce of some 380 thousand people (as of 31 March 2010) by 10% by the end of March 2011. Looks like 38,000 or so jobs for the axe. (The company will sell off subsidiaries and eliminate overlapping operations.) Still, I agree: who will be around to buy all their stuff if no one has a job? Edited April 28, 2011 by Odakyu-sen Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 28, 2011 Share Posted April 28, 2011 clearly Viera 3D isnt doing it for them. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 28, 2011 Share Posted April 28, 2011 clearly Viera 3D isnt doing it for them. Didn't he play for Arsenal? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 28, 2011 Author Share Posted April 28, 2011 Who will buy all the "stuff" when everyone's redundant? That's easy...the unemployed will MEW and Borrow from the banks and buy it that way....when they fail top pay it back the banks will get more tax money. Simple, problem solved. Quote Link to comment Share on other sites More sharing options...
Odakyu-sen Posted April 28, 2011 Share Posted April 28, 2011 That's easy...the unemployed will MEW and Borrow from the banks and buy it that way....when they fail top pay it back the banks will get more tax money. Simple, problem solved. Something tells me that I am in the wrong business. Quote Link to comment Share on other sites More sharing options...
Twazza Posted April 28, 2011 Share Posted April 28, 2011 Didn't he play for Arsenal? No that was 3D'rry Henry Looks like the recovery has been flat screened. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 28, 2011 Author Share Posted April 28, 2011 The crash seems to be increasing to super(pana)sonic speeds again Quote Link to comment Share on other sites More sharing options...
Traktion Posted April 28, 2011 Share Posted April 28, 2011 Who will buy all the "stuff" when everyone's redundant? If you are suggesting they should be retained in employment in order to buy stuff, you need to consider the role of credit. If consumers were feeding their habit with borrowed money, it is unsustainable whether the company keeps the staff or not (read: the company aren't going to borrow on their behalf - that's unsustainable too). Quote Link to comment Share on other sites More sharing options...
Olebrum Posted April 28, 2011 Share Posted April 28, 2011 Who will buy all the "stuff" when everyone's redundant? The same people who have since real wages started falling in the 70s. With the help of buckets of credit. Quote Link to comment Share on other sites More sharing options...
Bosh Posted April 28, 2011 Share Posted April 28, 2011 This is clearly linked to the next six + months of non or very low productivity out of Japan for components. Sony and Pana were suffering before the quake and wave. The Japanese will work like dogs to get productivity back on track but so many different suppliers were destroyed in Sendai and the surrounding areas that even if the Panasonic factory was back up and ready tomorrow they will still not be able to work because the smaller companies that produce widgits for Pana are still fooked and will be for a considerable time. Expect numerous similar stories over the coming months. The knock on is inevitable. Quote Link to comment Share on other sites More sharing options...
leftiebeard Posted April 28, 2011 Share Posted April 28, 2011 Great shame for those involved, but the consumerist machine has over expanded; we have filled our boots with all the cr*p we need, and now there is no option but to reduce. The materialistic orgy which we have indulged for so long is slowing down big time. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted April 28, 2011 Share Posted April 28, 2011 Money printing and ZIRP plus reduced production (and therefore, supply) of consumer goods. Hmmmm - I wonder what that could mean? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 28, 2011 Author Share Posted April 28, 2011 Money printing and ZIRP plus reduced production (and therefore, supply) of consumer goods. Hmmmm - I wonder what that could mean? Total WAR III Quote Link to comment Share on other sites More sharing options...
FIGGY Posted April 28, 2011 Share Posted April 28, 2011 Do we know if they are all in Japan or are they global?? Quote Link to comment Share on other sites More sharing options...
winkie Posted April 28, 2011 Share Posted April 28, 2011 Who will buy all the "stuff" when everyone's redundant? 99p EB.....will have to learn to live and use what was fashionable in the past.....as long as it does the job asked of it. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted April 28, 2011 Share Posted April 28, 2011 That's easy...the unemployed will MEW and Borrow from the banks and buy it that way....when they fail top pay it back the banks will get more tax money. Simple, problem solved. I don't think you can see the fatal flaw in your cunning plan. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted April 28, 2011 Share Posted April 28, 2011 Who will buy all the "stuff" when everyone's redundant? ...the State....but once it's bust....then...?.... Quote Link to comment Share on other sites More sharing options...
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