RealNews

Sony axes 8,000 jobs and shuts down plants

Sony, the Japanese electronic giant, is to slash 8,000 jobs from its core electronics division after buckling under the pressures of a soaring yen and the collapse of consumer markets across the globe. The huge layoff scheme which, despite its suddenness and severity, was attacked by some analysts as “too little, too late”, will see the 5 per cent reductions in permanent staff completed by 2010. Full Story

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