Sony-Ericsson calls time on another 2,000 jobs
Tosh cuts staff, forecasts
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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. ®
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COMMENTS
P-ss take
It's a sh*te world out there...I've been laid off, no income. Doubt my employer will re-instate me.
I've got myself a job offer with a major company but I've been warned to expect a pay cut! I was paid peanuts anyway! And the new company isn't suffering that much in this recession: they haven't laid anyone off. They know I've been laid-off and it's just an excuse, they've got me over a barrel knowing I can't refuse the job offer...so whatever they offer me I have to accept! B'stards.
Yet, in the company there's going to be colleagues getting paid £15-£20K more than me with the same skill set I have!
Companies taking the p**s, because they know they can get away with it.
Great Shame
SE phones are (or at least were up to the K900i) the industry leaders when it comes to Battery Life and Cameras (for mobile phones).
No single maker can claim more reliable or long lasting bettery power than SE.
Whilst the current generation of cybershot phones (C705-C902-C905) have been the source of many complains about unreliability I can state categorically that mine joins the ranks of reliable SE's everywhere (there are more than the dissenters would have you believe).
What I'm getting at here is that it is not a drop in quality that is responsible for these problems. The financial problems have been caused by the operators. Contract terms have increase, meaning that instead of once a year, we can only upgrade every 18 months-2 years. This means fewer sales. Furthermore the US operators do not offer as many SE's because they think it costs too much.
SE phones are the best. Unfortunately, it is ultimately the price that phone operaters (O2, vodaphone, orange, T-Mobile etc) must pay to subsidise the handsets that is the problem. They are expensive but also the most advanced.
Gone to the dark side
Once they decided to switch from Symbian to Windows, it was obvious business was going to slide.
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