Sony plans to trim 20,000 jobs globally

[coyote]

TOKYO -- Japanese electronics and entertainment giant Sony Corp. is trimming 20,000 jobs, or about 13 percent of its global work force, in the next three years as part of a turnaround strategy announced Tuesday.

Of those jobs cuts, 7,000 will be in Japan, the company said in a statement. Regional breakdowns were not immediately available. Sony employs about 154,500 people worldwide. Sony said it will integrate administrative and corporate jobs that overlap and increase efficiency.


http://www.boston.com/business/articles/2003/10/28/sony_plans_to_trim_20000_jobs_globally/