Sony to announce restructuring plans

[Bocsius]

http://news.yahoo.com/s/nm/20090121/bs_nm/us_sony_5

TOKYO (Reuters) – Sony Corp is preparing to announce on Wednesday or Thursday details of its December restructuring plan, including where job cuts will fall, the Financial Times reported.

The newspaper said Chief Executive Howard Stringer was facing resistance to cutting jobs in the electronics division and in Japan.

A Sony spokesman declined to comment on the report.

Sony unveiled plans last month that called for curbing investment, exiting businesses and cutting 16,000 jobs.

A source has also said that Sony will likely suffer an annual operating loss of about $1.1 billion, its first such loss in 14 years, due to sluggish sales and a stronger yen.

Sony shares fell 3.5 percent to 1,955 yen in morning trade, underperforming a 2.7 percent decline in the benchmark Nikkei average.

Maybe it will work better for them than it did for Circuit City.

[Diunx]

I hope that they restructure ps2 bc back on the ps3.

[Van Cruncheon]

[Bloodwake]

I hope that they restructure ps2 bc back on the ps3.

QUOTED FOR FUCKING TRUTH SONY

QUIT SUCKING

[ToxicAdam]

Sounds like your typical corporate restructuring. They save the jobs at their homebase and pet projects and fuck everyone else.

[WrikaWrek]

Completely standard practice. Sony does this every year.