Sony restructuring plan includes 10,000 job cuts
{{date|September 23, 2005}}
[[Image:Sony logo.svg|right|200px]]
In a major restructuring plan, [[w:Sony|Sony]] announced that approximately 7% of their workforce will be laid off between now and March 2008. Nearly 4,000 of the job losses will be in [[w:Japan|Japan]] itself.

The plan to try and revitalise the company is the brainchild of [[w:Howard Stringer|Sir Howard Stringer]], the company's first ever non-Japanese CEO.  Apart from the job losses, eleven of the company's 65 manufacturing plants will be closed or put up for sale.  Restructuring follows considerable stock price falls over the last five years with the share value reduced to less than 40% of the 2000 value.

As well as announcing restructing plans, Sony announced an expected loss of 10 billion yen (US$ 90 million) during the current financial year.

== Sources ==
*{{source|url=http://news.bbc.co.uk/2/hi/business/4270302.stm
|title=Sony to cut 10,000 jobs worldwide
|author=
|pub=BBC News Online
|date=September 22, 2005}}

*{{source|url=http://business.timesonline.co.uk/article/0,,9075-1792341,00.html
|title=Sony to slash 10,000 jobs worldwide
|author=Miles Costello
|pub=Times Online
|date=September 22, 2005}}

*{{source|url=http://business.scotsman.com/index.cfm?id=1978592005
|title=Flagging Sony to pull the plug on 10,000 jobs
|author=
|pub=The Scotsman
|date=September 22, 2005}}

{{Publish}}

{{PD-Article}}
{{archive}}
[[Category:Economy and business]]
[[Category:Japan]]
[[Category:Asia]]
[[Category:Sony]]
[[Category:Brian McNeil (Wikinewsie)]]

[[fr:Plus de 10 000 suppressions de postes chez Sony]]
200px
In a major restructuring plan, Sony announced that approximately 7% of their workforce will be laid off between now and March 2008. Nearly 4,000 of the job losses will be in Japan itself.

The plan to try and revitalise the company is the brainchild of Sir Howard Stringer, the company's first ever non-Japanese CEO.  Apart from the job losses, eleven of the company's 65 manufacturing plants will be closed or put up for sale.  Restructuring follows considerable stock price falls over the last five years with the share value reduced to less than 40% of the 2000 value.

As well as announcing restructing plans, Sony announced an expected loss of 10 billion yen (US$ 90 million) during the current financial year.

*

*
Economy and business Japan Asia Sony Brian McNeil (Wikinewsie)