Bloomberg News

Sony to Cut 10,000 Jobs as CEO Hirai Tries Turnaround

April 12, 2012

Sony Corp. will cut 10,000 jobs, or about 6 percent of its workforce, two days after reporting a record loss as new Chief Executive Officer Kazuo Hirai implements the company’s biggest labor reduction in three years.

Sony will take a one-time charge of 75 billion yen ($926 million) as restructuring costs in the year ending March 2013, the company said in a statement today. Japan’s biggest consumer- electronics exporter plans to raise operating-profit margin, cut costs at its TV operations, reduce the number of TV models, and consider an alliance on batteries for electric cars, it said. (Source: Bloomberg)

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