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Sony to Trim Jobs, Close Phone Assembly Plant

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Oct 19, 2012, 7:29 AM   by Eric M. Zeman

Sony today provided more details about previously announced job cuts and other cost-saving measures. The company plans to lay off approximately 2,000 people from its headquarters and plant in Gifu, Japan. Another 2,000 workers employed in Sony's European offices will also be let go. Sony earlier this year said it would cut up to 10,000 jobs by March 2013. In addition to the job cuts, Sony also plans to shutter a manufacturing facility that makes camera lenses and mobile phones. Sony believes these changes will help it save about $380 million in costs per year.

more info at Reuters »

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