Tech & Biz

Sony to cut plants and 8,000 jobs

by Amitjha | December 8, 2008 at 11:58 pm

195 views | 12 Recommendations | 3 comments

Sony has announced plans to cut 8,000 electronics jobs - 5% of its global workforce - as well as shutting 10% of its manufacturing sites.
The company said the jobs would be cut by April 2010 but did not say in which countries the staff would go.
Sony said it had been trying to reduce production because of the downturn but warned it still had to do more.
The news came as Japan drastically raised its estimate of the amount its economy shrank from July to September.
The Cabinet Office said the economy had shrunk at an annual rate of 1.8% in the quarter, down from its previous estimate of 0.4%.

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Rachel Nixon

at 11:21 on December 9th, 2008

Thanks for posting Amitjha. This story by Bloomberg puts the total job cuts at 16,000: 8,000 full-time employees and 8,000 part-time and seasonal workers.

SOLARLIFE

at 02:53 on December 9th, 2008

top story Amitjha, sony to cut 8000 jobs. The founder Akio Morita invented the video tape VHS. Now sony to expensive compared to chinese electronics.

Amitjha

at 03:15 on December 9th, 2008

it is indeed top story, but as the trend shows now the chain reaction of firing will begin in other industries as well.So the unemployment is going to be a big problem in coming year, that will worsen econmy further.