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Sony to shed 8,000 jobs, increase prices in bid to bolster profitability
Engadget —
... The bad news from the Japanese consumer electronics industry continues. Sony just announced plans to cut about 8,000 global jobs from its beleaguered electronics business while making unspecified reductions to its seasonal and temporary workforce. The move, as Sony ...
Sony To Cut Electronics Workforce By 8,000
BARRONS.com: Tech Trader Daily —
... early Tuesday announced plans to cut headcount in its electronics business by 8,000, or about 5% of the unit’s 160,000 employees. Sony said it intends to save 100 billion yen a year by the end of the March 2010 fiscal year. ...
Despidos III
Gizmología —
... Nueva bofetada de la economía global a los trabajadores, esta vez es Sony quien va a despedir a 8.000 de sus 160.000 empleados hasta Marzo de 2010. [ ...
Sony Axes 8,000 Jobs Worldwide; Cuts Production, Investment to Save $1 Billion By 2010
paidContent —
... ) has announced plans for a global retreat in its electronics division, with 8,000 jobs cuts from its existing 160,000 staff by September 2009 and a 30 percent reduction in technology investments designed to save 100 billion yen ($1 billion) by March 2010. Things must be really bad: the company will reduce its 57 manufacturing plants worldwide by ten percent by March 2010. In a statement on its website today, the PS3 and flatscreen TV maker said the retrenchment was in response to the "sudden and rapid changes in the global economic environment". No word on ...
Sony: What went wrong (and is still going wrong)
Between the Lines —
... Sony on Tuesday outlined its restructuring plans amid a downturn in consumer electronics, bloated inventory and weak demand for its products. The larger question is whether Sony will ever get its unwieldy management structure right. First, the headlines. Sony is restructuring to boost profitability . As part of that move, Sony plans to eliminate 8,000 electronics jobs–out of 160,000. That sum equates to roughly 5 percent. If you toss in subcontractors Sony is cutting 16,000 positions. Sony’s goal is to revamp manufacturing sites–closing two in France–and save 100 billion yen ...
8,000 Sony employees lose their jobs
p2pnet news —
p2pnet news view | Products:- Some 8,000 Sony Corp employees around the world are out of work, or soon will be.
As part of what it’s calling a, “series of measures to strengthen its corporate structure and bolster profitability,” by March 31, 2010, it plans to, “reduce headcount in the electronics business worldwide by approximately 8,000, out of approximately 160,000 as of September 30, 2008,” it says, going on:
“At the same time, Sony plans to reduce headcount in its seasonal and temporary ...
Sony To Shed 8,000 Jobs As It Feels the Economic Pinch
Fast Company - Technology —
... company's mid-term plan, and demonstrates that Sony is prepared to accept the long-term repercussions of adjustments like this in order to maintain stability at the moment. Sony will outline the impact of these measures in its January 2009 third quarter earnings announcement. And in what sounds like bad news for the consumer, the electronics giant is also planning to "adjust product pricing" which can only be in an upwards direction. The economic pinch is squeezing pretty hard. [via Sony ] [image]
Around the Web 12.9.08: Sony slashes jobs, Atari buys Cryptic and rumors of DRM-free iTunes
L.A. Times Tech Blog —
...
-- Atari-Infogrames snags Cryptic Studios, developer of City of Heroes, for $27.6 million. PaidContent.org
-- Apple rumored to announce DRM-free iTunes. AppleInsider
-- Friendster scores a compatibility patent. CNet
-- Sony cuts 8,000 jobs, closes two plants to cope with bad economy. Sony
-- Google crosses item off its to-do queue by adding a task list feature for Gmail. TechCrunch
-- ...
Sony's U.S. employees bracing for restructuring announcement from Tokyo headquarters
L.A. Times Tech Blog —
... that Sony could announce the moves Wednesday or Thursday but that its top managers were fighting over whether to shed more jobs. The last time Sony announced cutbacks, on Dec. 9, only a few hundred U.S. jobs were estimated to be lost out of the 8,000 being eliminated worldwide. The Tokyo electronics and media giant employed 160,000 workers globally as of Sept. 30. ...
Why Sony will post its first annual loss since 1995
L.A. Times Tech Blog —
... ... implement a sweeping restructuring that includes "substantially reduced" executive bonuses, lower managers' salaries and the closure of five or six factories. It also plans to outsource some of its basic product-design functions so it can cut the number of design workers by 30% by March 2010. The layoffs are among the 8,000 job cuts Sony announced on Dec. 9. The company employed 180,500 workers as of last March. ...
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