Human Resource Management System Reforms at Matsushita |
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"The collapse of lifelong employment in the world's largest consumer electronics manufacturer shows the company is hell-bent on surviving cut-throat global competition by urging middle-aged employees to quit or polish up their skills." - mdn.mainichi.co.jp1 (2001) "We must be reborn as a 21st century-style Matsushita. We have a deep sense of crisis. Signs of hope for an early recovery aren't there." - Tetsuya Kawakami, Director, Matsushita (www.canoe.ca, July 31, 2001) Revising the 'Generous' Employment System
Moreover, the company also acknowledged that this was the first time it was asking its employees for an early retirement. Matsushita took pride in never resorting to lay-offs even during severe recessionary periods that followed the Second World War in Japan.
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1] According to the article "10,000 workers at
Matsushita opt for early retirement" dated December 7, 2001. |
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