Japan's Panasonic Targets 10,000 Job Cuts Worldwide

Panasonic became a global household name in the latter half of the 20th century (Credit: AFP)

Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability.

The cuts, which represent around four percent of the group's workforce of nearly 230,000, will be implemented mainly in the current financial year to March, it said.