SCITECH
Sony cuts 10K jobs, outlines turnaround strategy
April 12, 2012
April 12, 2012
 |
(AP) TOKYO - Faced with mounting losses, Sony Corp. (SNE) said Thursday it will slash 10,000 jobs, or about 6 percent of its global workforce, and try to turn around its money-losing TV business over the next two years.
New CEO and President Kazuo Hirai outlined his business strategy at a big press conference where he pledged to revive the electronics and entertainment company. Sony earlier this week more than doubled its annual net loss projection for the fiscal year through this past March to 520 billion yen, or $6.4 billion. That would be its fourth straight year of red
New CEO and President Kazuo Hirai outlined his business strategy at a big press conference where he pledged to revive the electronics and entertainment company. Sony earlier this week more than doubled its annual net loss projection for the fiscal year through this past March to 520 billion yen, or $6.4 billion. That would be its fourth straight year of red
 |  |
 |  |
| |
Twitter
Delicious
Digg
Visit other CBS Interactive sites:
© MMXII CBS Interactive Inc. All rights reserved.
