Sony to Announce Closing of Factory, 2,000 Job Cuts

Sony Corp. will announce the closing of one of two domestic television factories and the cutting of more than 2,000 jobs in Japan by the end of fiscal 2009, Nikkei said, without citing any sources.

Sony Chairman Howard Stringer, who will detail the plan at a news conference, will also downgrade the company’s fiscal 2008 earnings outlook, Nikkei said. The job cuts amount to about 3 percent of Sony’s domestic full-time staff, Nikkei said.

Source : Bloomberg
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