Sony is said planning to cut 10,000, or 6%, of jobs

[marmar]

TOKYO (MarketWatch) -- Sony Corp. plans to reduce its workforce by an estimated 10,000 jobs, or about 6% of its global workforce, as part of new Chief Executive Kazuo Hirai's restructuring plan, people familiar with the matter said Monday.

The payroll cuts could run through the two fiscal years until March 2014, although the final timing has not been settled, the people said. The potential reductions are the first details to emerge of Hirai's restructuring plan--due to be announced at a corporate strategy meeting Thursday--since he replaced Howard Stringer as CEO of Sony in April.

After four straight years of losses, Hirai's main focus is to turn around the company's struggling electronics business, which once established Sony as a global brand known for innovative products. But in recent years Sony has failed to match the success of Apple Inc. and Samsung Electronics Co., and its electronics division has suffered from the impact of the strong yen and brutal price competition.

For the last two months, Hirai has huddled with key deputies searching for ways to streamline the company without killing future pipelines for innovations, the people said. ................(more)

The complete piece is at: http://www.marketwatch.com/story/sony-is-said-planning-to-cut-6-of-jobs-2012-04-09?dist=beforebell

[xchrom]

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