Sony Restructuring to Cut 10,000 Jobs

[buzzsaw_23]

Sony restructuring to cut 10,000 jobs
By Michiyo Nakamoto in Tokyo
Published: September 22 2005 09:28 | Last updated: September 22 2005 12:17

Sony said on Thursday it would cut 10,000 jobs, reduce costs by Y200bn ($1.8bn) and close 11 manufacturing sites as part of a mid-term plan that aims to bring the group back to profitability and ensure it has a leading place in the market for digital electronics.

The restructuring plan, unveiled by Sir Howard Stringer, Sony’s first foreign chief executive, has been seen as critical to reversing Sony’s fortunes in its core electronics business.

http://news.ft.com/cms/s/9712b30a-2b3c-11da-995a-00000e2511c8.html

[RethugAssKicker]

1. I bet the cuts all occur here in America