Sony will cut 10 percent of jobs

[dArKeR]

Sony Corp, the world's second-largest maker of consumer electronics, plans to cut as many as 20,000 jobs, or about 10 percent of its workforce, by March 2006 as it stops making televisions in Japan and reduces administration costs, the Nihon Keizai Shimbun said.

"It is true Sony is planning layoffs," spokesman Koichi Izukura said in Tokyo where the company is based, adding he was unable to provide details.

Sony, whose profit plunged 98 percent in the three months ended June 30, will include the cuts in a plan to be announced on Oct. 28, the newspaper reported.

Sony, which had 161,000 workers at the end of March, until now has resisted cuts that have claimed as many as 70,000 jobs at electronics companies such as NEC Corp, Fujitsu Ltd and Toshiba Corp the past three years.

http://www.taipeitimes.com/News/worldbiz/archives/2003/10/21/2003072811

[TreasonousBastard]

1. Looks like Sony Music will be merging with BMG...

and that will cut a bunch of jobs in this area.

Sony's US headquarters is mostly in Montvale, NJ, with a big office in NYC, and yet another one in LA. BMG is split between NYC and some damn place around Secaucus.

Lotsa "managers" gonna be cryin' soon.

(Watch for mullets at job fairs)

[cliss]

2. When you're done reading this thread,

go back out to the listed news, you will see an article by Secretary of the Treasury John Snow, who is excited about the prospect of lots more jobs.