10,000 Layoffs, 6% of workforce: http://www.msnbc.msn.com/id/9434537/
Sony Europe chief will step down: http://www.tomshardware.com/hardnews/20050921_131454.html
Nnot huge changes overall, but still newsworthy.
TOKYO - Sony Corp. said Thursday it will cut 10,000 jobs globally, slash the number of factories and cut costs by $1.8 billion in an ambitious restructuring bid to revive its stumbling electronics business. The Japanese company — under new management since March — said it expected a group net loss of 10 billion yen ($90 million) in current fiscal year. Plunging prices of consumer electronics and missteps with its Walkman portable music players have taken a hefty toll on earnings.
The changes, to be put in place by the end of fiscal 2007, which runs through March 2008, would result in a reduction of 4,000 workers in Japan and 6,000 outside the country, while factories would be cut from the present 65 to 54, company officials said. With more than 151,000 employees worldwide, that amounts to about a 6 percent cut in its workforce
President Ryoji Chubachi, also head of the electronics division, conceded that his company wasn’t making products that people wanted to buy and that Sony’s technological prowess had declined. Sony said it would focus now on so-called “champion products†including the PlayStation 3, Bravia liquid crystal display televisions and the Walkman portable music players.
“There can be no revival for Sony without recovery in our TV business,†Chubachi said. “We are definitely feeling that the recovery is underway.â€
Sony Europe chief will step down: http://www.tomshardware.com/hardnews/20050921_131454.html
GamesIndustry.biz is reporting that the man credited for establishing the PSP brand in Europe, Chris Deering, will retire from the presidency of Sony Europe, effective the end of this year.
Nnot huge changes overall, but still newsworthy.
Last edited by a moderator: