Thursday, April 12, 2012

Sony layoffs

  • Hirai confirmed media reports that Sony will cut 10,000 jobs - 6 percent of its global workforce - and take a 75 billion yen ($926 million) restructuring charge this business year. The cuts follow two rounds of layoffs during Stringers six-year tenure.
  • (Reuters)
  • The latest job cuts follow two rounds of layoffs Stringer made in his six-year tenure at Sony.
  • (msnbc.com)
  • Sony has not announced which of its plants will be included in its plans to lay off 10,000 employees worldwide.
  • (Indiana Public Media)
  • The Skinny: No seriously, I dont play Draw Something. Im more of a serious gamer, though I still cant resist Words With Friends.
  • (Los Angeles Times)
  • About half of the layoffs will come from Sony's chemicals and its flat-panel businesses. Development Bank of Japan has already agreed to buy Sony's chemical products business.
  • (Deadline.com)
  • ATT (NYSE: T) cannot fire workers it does not want. Sony (NYSE: SNE) easily can fire its unwanted workers. Leverage is at the heart of employee power, now that the recession has ended and companies do not have to dump workers indiscriminately.
  • (24/7 Wall St.)
  • Sony is planning to cut 10,000 jobs, or 6% of its global workforce, as part of a restructuring plan from recently appointed CEO Kazuo Hirai. Harais goal is to make the electronics company profitable again after four consecutive years of losses.
  • (PRWeek)
  • At this time it is still not clear as to whether Sony will choose to trim down its Japanese workforce or look to cut jobs from overseas operations.
  • (The Inquisitr)
  • Sony Ericsson, the mobile-phone venture Sony Corp. (6758 "That looks like a boilerplate statement to prepare employees and the government for big layoffs," said Snyder.
  • (Businessweek)
  • Ahead of new CEO Kazuo Hirai's first major strategy meeting, Sony is believed to be making extensive layoffs.
  • (vg247.com)

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