9/22/2005

GMSV: Sony announces employee surplus

September 22, 2005
Sony announces employee surplus

Howard Stringer, Sony’s first foreign chief executive, is hell-bent on reversing the company's fortunes in its core electronics business, even if it entails a broad, ritual blood-letting. This morning the consumer electronics giant announced a broad three-year restructuring plan that it says will ensure it a top spot in the market for digital electronics. To that end it plans to shutter 11 factories, downsize or scrap 15 unspecified business lines, and sack 10,000 employees - 6.5 percent of its global workforce. The overhaul is Stringer's first major move since taking control of the company..

Good Morning Silicon Valley: Sony announces employee surplus

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