Feeds

Sony shutting factories and laying off staff

Temps and perms go

Secure remote control for conventional and virtual desktops

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
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?