Monday, April 9, 2012
Layoffs 2012: Top Firm To Axe 10,000!
Sony Corp is planning to cut its worldwide workforce by about 10,000, or by 6%, with the layoffs coming by the end of the year, according to marketwatch and a report in the Nikkei newspaper on Monday. Seven senior managers, including Chairman Howard Stringer, are expected to give up their bonuses for fiscal 2011, the Nikkei said. Sony reported a net loss for the recent fiscal year ended in March, dragged in part by a poor performance at its LCD television unit, with the earnings result marking its fourth straight loss-making year. Sony's shares, which fell 3% earlier in the day, rebounded as much as 1.5% following the report. The stock ended the day 0.6% higher…..
Read more at http://www.marketwatch.com/story/sony-to-cut-global-workforce-by-10000-nikkei-2012-04-09