Sony Plans To Slash 10,000 Jobs: Reports

The total represents about 6% of its workforce, according to multiple reports apparently beginning with Japan’s Nikkei. 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. In addition a new government supported operation, Japan Display Inc, is picking up Sony’s unit that makes small- to medium-sized liquid crystal displays. Sony’s new CEO, Kazuo Hirai, who just replaced Howard Stringer, had warned that he would have to take “painful” measures to turn around the consumer electronics giant, which said it would end its fiscal year with a loss.

This article was printed from