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Panasonic Europe reorganized and strengthened it Pan European Industrial operations with the creation of Panasonic Industrial Devices Sales Europe GmbH (until 2011 Panasonic Industrial Europe GmbH)on April 1, 1998. The new group with its European Headquarter in Hamburg, Germany maintains regional offices in France, Italy, Spain and United Kingdom/Ireland. With a combined staff of over 300 in sales, marketing and support personnel, the aimed turnover of than one billion Euros was already achieved within the first business year.
Panasonic has been operating in Europe since 1962, when it established its first sales office in Hamburg, Germany. The company's presence has increased throughout Europe following major investment programs in manufacturing and sales operations. Panasonic now employs nearly 15,000 people in manufacturing, sales, R&D and support companies throughout Europe.
The company was founded in 1918 in Osaka, Japan by Konosuke Matsushita and has grown from just 3 employees to over 290,000 people worldwide. Panasonic's standards are still firmly grounded in the philosophy of company founder Konosuke Matsushita. He began in 1918 by inventing a two-socket light bulb. Profound in its importance yet elegantly simple, Konosuke Matsushita's breakthrough led to what is now one of the world's largest electronics companies. As he built Panasonic Corporation - formerly Matsushita Electric Industrial Co. Ltd., he never lost sight of the importance of putting the needs of his customers and the public first. Our operations all over the world are guided by certain key objectives. One of the most important of these was established way back in 1929 by our founder, and is as relevant today as it was then:
"Recognizing our responsibilities as industrialists, we will devote ourselves to the progress and development of society and the well-being of people through our business activities, thereby enhancing the quality of life throughout the world."Panasonic's Basic Management Objective was formulated in 1929 by the company's founder, Konosuke Matsushita.