Reuters: Business News: Panasonic to cut 5,000 workers from automotive and industrial division

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Panasonic to cut 5,000 workers from automotive and industrial division May 30th 2013, 02:41 TOKYO (Reuters) - Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5 percent minimum set by the company's president, Kazuhiko Tsuga.

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