Thursday September 22, 2005

Sony to cut 10000 jobs

news.yahoo.com, reuters.com :

Struggling electronics and entertainment conglomerate Sony Corp. said on Thursday it would cut about 7 percent of its global work force, sell more than $1 billion in assets and post a loss this year. The inventor of the Trinitron TV and Walkman cassette player said it would book 210 billion yen in restructuring charges in the two business years through March 2007 as it closes 11 of its 65 global factories and slashes 10,000 jobs.

Sony has already cut 20,000 jobs and significantly lowered fixed costs under a previous three-year restructuring plan that was scheduled to end in the current business year.

See also :

1. Sony to chop 20000
2. Sony Profits Drop 98% in 2Q2003
3. HP to slash 15000 jobs
4. Sanyo to cut over 14000 jobs
5. IBM to axe 13000 staff

(2005-09-22 22:49:34 SGT) [Biz] Permalink

Most popular blog postings on lowem.log :

1. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
2. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
3. Fuel prices seen stoking Malaysia inflation in 2008
4. Singapore SIBOR rate fell to 1.25% in Apr 2008, lowest since Aug 2004
5. Malaysia inflation rate jumps to 7.7% in Jun 2008, a 26-year record high
6. 2010 Honda Civic Hybrid preliminary specifications released
7. 2009 Honda Global Small Hybrid details released : bigger than Jazz/Fit, smaller than Civic
8. Singapore : Inflation rate could push past 6% in Q1 2008

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Singapore : Bread price inflation continues
4. 2010 Honda Civic Hybrid preliminary specifications released
5. Peakoiler buys 2008 Honda Civic Hybrid FD3
6. How to insert currency exchange rates into Google Spreadsheets
7. Singapore SIBOR rate fell to 1.25% in Apr 2008, lowest since Aug 2004
8. Singapore : Inflation erodes away bank savings