Sony to cut 8,000 jobs worldwide
|
|
|
| Posted
:
Tue, 09 Dec 2008 09:06:20 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
Business News |
Home
|
|
|
|
Tokyo - Japanese electronics giant Sony Corp announced Tuesday plans to cut 8,000 jobs worldwide as a result of the global economic crisis. The world's second-largest maker of consumer electronics hopes to save more than 100 billion yen (1.1 billion dollars) by the measure, which affects about 4 per cent of its 160,000-strong global workforce. The job cuts, which go with plans to scale back investments and pull out of some business sectors, will be made at the beginning of the next business year on April 1, 2009, the company said. The producer of PlayStation is set to cut investment in the ailing electronics sector by 30 per cent. Sony recently dramatically lowered its profit forecasts for the current fiscal year through March 2009.
Copyright DPA
|
|
|
|
|
|
Related News
Bank of Korea widens inflation target range Seoul - South Korea's central bank on Thursday set its inflation target at the 2-per-cent to 4-per-cent range for 2010-2012, citing a need to mitigate fluctuations in the still-nascent economic recovery. The decision marks a widening of the band for ...
Vietnam stock market falls on dong devaluation, rate hike Hanoi - Vietnam's stock market suffered its largest drop in seven months after the State Bank raised the benchmark interest rate and devalued the currency. The State Bank on Wednesday raised the prime interest rate from 7 to 8 per cent, effective Dec...
Berlin and Madrid to work closely on Opel jobs issue Berlin - The German and Spanish governments said Wednesday they plan to work closely to avert major job losses and factory closures at General Motors' European division Opel. German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodrig...
Metal prices from London Commodities Exchange 25 November 2009 London - Final prices in dollars per ton - cash and forward. Also given are the previous trading day's quotations.cash forward...
International stock market quotations 25 November 2009 Frankfurt - The following index quotations were noted on the world's major stock markets:New York Dow Jones 10,472.7910,433.71(+39.08) New York NASDAQ Comp.2,177.57 2,169.18(+ 8.39) TokyoNikkei 9,441.64 9,401.58(+40.06) Sydney All Ordinaries 4,740.99...
Frankfurt Stock Exchange quotations 25 November 2009 Frankfurt - Frankfurt Stock Exchange closing prices in euros. In brackets the point movement of index/price movement of stocks against previous quotation: ...
General Motors to cut about 9,000 jobs in Europe - Summary Berlin - General Motors is to reduce its Opel workforce in Europe by about 9,000, the US car company's new chief executive for Europe, Nick Reilly, said Wednesday in Germany on a tour to meet political and labour leaders. The company aimed to cut man...
|
|
|
|
|
|
|
|