Sony to cut 10,000 jobs over next year

Sony Corp will cut about 10,000 jobs worldwide over the next year as it tries to return to profit,Japanese news reports said

Written by Agencies | Tokyo/new Delhi | Published: April 10, 2012 1:55 am

Sony Corp will cut about 10,000 jobs worldwide over the next year as it tries to return to profit,Japanese news reports said Monday.

The Nikkei business daily and other media said Sony’s decision to slash 6 per cent of its work force comes as it struggles with weak TV sales and swelling losses. Sony spokeswoman Yoko Yasukouchi wouldn’t confirm the reports.

New CEO Kazuo Hirai is holding a press conference Thursday.

Sony has announced restructuring plans by selling its chemical unit. Sony is also merging its LCD panel operation with Toshiba and Hitachi. Yasukouchi said those changes could affect up to 5,000 employees who are subject to transfers.

Sony earlier this year reported a 159 billion yen ($2.1 billion) loss for the October-December quarter and more than doubled its projected loss for the full fiscal year through March 2013.

Meanwhile,the company said that it does not have any manpower realignment plan for India in the “near future”.

The company’s Indian arm said it is rather ramping up its head count in the country to meet growing demand.

“As far as India is concerned,Sony is witnessing healthy growth rate and there is no realignment of manpower in the near future,” a Sony India spokesperson said.

The company is “continuously increasing our manpower to match the growing business requirement of Sony in India”,she added without sharing any details. On reports of the Japanese parent cutting 10,000 jobs,the spokesperson said: “Sony has not announced specific details such as the job cuts,reported in some media today,and therefore we decline to comment.”

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