Feeds

Sony shutting factories and laying off staff

Temps and perms go

SANS - Survey on application security programs

Sony is closing a factory in France as part of a billion-dollar cost-cutting plan which will see it lose at least five production sites by March 2010.

It will lay off 8,000 staff and shut two factories, and take short-term measures like reducing inventory and production and delaying investments. It will get rid of about 10 per cent of its 57 factories.

The Sony Dax plant in France, which makes tape and other recordable media, will shut. The planned opening of an LCD TV assembly plant in Slovakia has been postponed. The company wants to reduce investments in the electronics business 30 per cent by 2010.

The firm will withdraw or downsize from unprofitable and non-core businesses.

Sony will also cut spending this year by outsourcing a higher proportion of manufacturing of CMOS image sensors for mobile phones.

The company will reduce headcount by 8,000 out of a total of 160,000 including jobs at its headquarters and reducing seasonal and temporary staff. It hopes these measures will help it save over ¥100bn ($1.1bn) in costs. It will give more details with its financial results in January.

Full statement is here.®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.