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Sony Cutting 8,000 Jobs Amid Global Downturn

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Dec 8, 2008 9:30 pm US/Pacific

Sony Cutting 8,000 Jobs Amid Global Downturn

 Timeline: U.S. Credit Crunch & Financial Failures

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TOKYO (AP) ― Sony is slashing 8,000 electronics jobs around the world, or 5 percent of its global work force in that sector, as the Japanese company tries to boost the profitability of its core business amid a global downturn.

Sony Corp. says it will cut the jobs from its electronics operations, which employ about 160,000 workers, by the end of March, 2010. It did not give a country breakdown for the planned reductions.

Sony has been trying to adjust production and lower inventories to cope with the global economic downturn but more efforts are needed, it says.

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