Sony cuts jobs at cell phone unit in Sweden
Source: Agencies |
August 24, 2012, Friday
|
Print Edition
Print Edition
SONY'S cellphone division is cutting 1,000 jobs, or 15 percent of its global workforce, mostly in Sweden over the next two fiscal years through March 2014.
Sony Mobile Communications said yesterday the job cuts are to reduce costs and boost profits.
The job cuts are part of Sony Corp's already announced plan to reduce 10,000 jobs, or 6 percent of its global workforce, by March 2013.
Of the 1,000 jobs being cut, 650 are at Sony Mobile in Lund, Sweden.
The Japanese giant posted record losses for the fiscal year ended March, hit by competition from Samsung Electronics Co and Apple Inc.
Taking over its mobile business, formerly a joint venture with LM Ericsson, is key to Sony's turnaround.
Sony Mobile Communications said yesterday the job cuts are to reduce costs and boost profits.
The job cuts are part of Sony Corp's already announced plan to reduce 10,000 jobs, or 6 percent of its global workforce, by March 2013.
Of the 1,000 jobs being cut, 650 are at Sony Mobile in Lund, Sweden.
The Japanese giant posted record losses for the fiscal year ended March, hit by competition from Samsung Electronics Co and Apple Inc.
Taking over its mobile business, formerly a joint venture with LM Ericsson, is key to Sony's turnaround.
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