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Jan 21, 2009

Sony To Cut 2,000 Employees, Kill TV Plants In Japan

Posted by Hokinabru


Credit to Kotaku.
"Sony head honcho Howard Stringer will announce on Thursday plans to eliminate 2,000 full-time jobs and close two television manufacturing plants in the face of a $1.1 Billion loss, reports Japan's Nikkei Daily. projected

Potentially more painful to Stringer is a reported plan to cut managerial and executive bonuses for the year.

Nikkei reports that the 2,000 jobs will cut at home — a fraction of the 16,000 positions it plans to eliminate worldwide — will be done through attrition, by leaving jobs vacated by retirement or resignation unfulfilled. The cuts are expected to be complete by the end of the company's fiscal year.

No word yet on how this may affect Sony's PlayStation business, as it's the Japanese giant's electronics endeavors that are currently dragging the company down hardest." - Kotaku

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