Friday, February 13, 2009

Panasonic Workers to Buy Company Products

So do you think the global recession is affecting Japan yet? Well, Panasonic of Japan has announced that it will "ask" 10,000 of its Japanese employees to buy Panasonic products.

Let's make one thing clear, when a Japanese company asks its employees to do something, it's an order. So you can expect quite a boost in Panasonic flat-screens for a while, yet is this really the way to make the company profitable?

Panasonic is an old-line Japanese place where company loyalty is not questioned. What must be said, however, is that this is most likely being done in place of massive layoffs. For if there is one thing that the Japanese absolutely despise, it's layoffs. I think they'd rater give up their salary than be told they have to clean off their desk and go home.

This aversion to layoffs is certainly an admirable part of Japanese culture; there is a kind of paternal care that Japanese companies exercise in Japan. Many people in America, for example, have learned that your employer will dump you the minute the profits start dropping.

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