Recently the electronic giant Sony proclaimed that they are going to cut eight thousand jobs across the world as a result of global economic crisis. Sony is the second largest electronic company in the world. By the next financial year they are also planning to reduce their investments and pull out of some business sectors.
Sony doesn’t have any hub business that creates steady profits. It said that it would need to turn down some plants, reduce capital expenditure and lay off workers.
Katsuhiko Mori, fund manager, said this deduction will not be sufficient and they are planning to reduce the manufacturing sites by about 10percent. He also said that it would delay plans to boost output for liquid crystal display TVs inSlovakia
And they are planning to decrease the amount of capital spending on semiconductors. Through all these measures, it aims to create annual costs savings more than $100 billion by next financial year.
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Sony doesn’t have any hub business that creates steady profits. It said that it would need to turn down some plants, reduce capital expenditure and lay off workers.
Katsuhiko Mori, fund manager, said this deduction will not be sufficient and they are planning to reduce the manufacturing sites by about 10percent. He also said that it would delay plans to boost output for liquid crystal display TVs in
And they are planning to decrease the amount of capital spending on semiconductors. Through all these measures, it aims to create annual costs savings more than $100 billion by next financial year.
Related Links:
San Francisco recruiters
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