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Sony to cut 1,000 jobs at smartphone business - report
2015-01-28 08:20:00| Telecompaper Headlines
(Telecompaper) Sony plans to eliminate another 1,000 jobs in its smartphone operations, a person familiar with the matter told Bloomberg. The new cuts will reduce staff in the division to about 5,000 after including 1,000 job losses previously announced by the company. The cuts will affect Sony's operations in China, the UK and Sweden, the report said. CFO Kenichiro Yoshida is ending the development of new smartphones for China and is culling the number of Xperia models. The additional cuts are needed to reach the company's goal of reducing operating costs in the business by 30 percent by March 2017. Sony declined to comment on the report.
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Category:Telecommunications