Feeds

Sony shutting factories and laying off staff

Temps and perms go

Intelligent flash storage arrays

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.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.