January 22, 2009

Sony forecasts first annual net loss in 14 years

Filed under: Japan,Sony,Technology — DF @ 9:30 am
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Sony said Thursday it plans to cut another 1,000 temporary workers in Japan and close one of two domestic TV plants.

Sony also will offer early retirement packages to its regular, full-time workers in an effort to cut 30 percent of its personnel costs in its TV business by March 2010. It refused to give a head count but said they are part of the 8,000 job cuts announced earlier, according to Yahoo Finance

News submitted by Alan Clegg

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