Feeds

Sony-Ericsson calls time on another 2,000 jobs

Tosh cuts staff, forecasts

Remote control for virtualized desktops

Struggling mobile maker Sony-Ericsson is cutting another 2,000 jobs as the recession continues to bite.

The handset maker expects to spend €200m on redundancy payments to those staff. It has already laid off 2,000 people at a cost of €187m, less than the €300m expected.

Results for the last quarter showed a 35 per cent fall in handset sales to 14.5m units.

The company saw its market share fall two per cent to 6 per cent. It expects the worldwide handset market to shrink by at least 10 per cent compared to last year. Sales for the first quarter of 2009 were €1.74bn compared with €2.7bn in the first three months of 2008. It made a net loss of €293m compared to a profit of €133m in the first quarter of 2008. Average selling price is down slightly - €120 versus €121 in Q1 of 2008.

Toshiba is also cutting contractor jobs and restating estimates for the full year. The company expects net sales of Y6.65tn (£452.7m) versus previous estimates of Y6.7tn (£456.3m).

Tosh expects to make a net loss of Y350bn rather than the Y280bn previously predicted.

The company will cut 3,900 contractor jobs in Japan. ®

Beginner's guide to SSL certificates

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.