Sony to Trim Jobs, Close Phone Assembly Plant
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.
Sony to Buy Toshiba's Camera Sensor Business
Sony has agreed to acquire Toshiba's camera sensor business for $155 million. Under the terms of the deal, Sony and its subsidiary, Sony Semiconductor Corporation, will acquire a fabrication facility, equipment, 1,100 employees, and other assets associated with Toshiba's 300mm wafer production facility in Oita, Japan.
Sprint Trims 452 Jobs at Headquarters
Sprint recently disclosed another round of job cuts, this time impacting its Kansas City headquarters. The company said it reduced its headcount by 452 people, mostly in the IT and administration aspect of the company.
Sony to Boost Smartphone Camera Sensor Production
Sony plans to make a large investment its in imaging business and will increase production of CMOS sensors for mobile devices. The company will spend as much as $345 million to improve the capacity of its sensor-making facilities.
Sprint to Slice Unknown Number of Jobs
Sprint today said it plans to cut an unspecified number of jobs over the course of the next month. The cuts will include management-level and non-management jobs across the company's business units.