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Sony Corporation (SNE)
Sony slashing 8,000 jobs amid global downturn

Yahoo - December 8, 2008

Submitted by apujanata (14935) at 1:40AM PST on December 9, 2008

Sony is slashing 8,000 jobs, or 4 % of its global work force, as a global downturn and stronger yen batters profits at the Japanese electronics maker. Sony Corp. , which has 185,000 employees worldwide, said Tuesday it will complete the layoffs by the end of March, 2010. They will come from its electronics business, which has 160,000 workers.

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