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Sony Corp Expects Total Of 2,000 Domestic Staff Reduction By March; To Terminate Operations At Plant In Central Japan-DJ

Friday, 19 Oct 2012 03:07am EDT 

Dow Jones reported that Sony Corp expects to reduce about 2,000 workers at its domestic electronics business operations at its parent company and its units by March 2013 through an early retirement program. The move is a part of the planned cutback in about 3,000-4,000 of its group workforce that the Japanese electronics maker unveiled in April. It has already scaled down 1,800 staff via the sale of its chemical products business to the Development Bank of Japan. Sony will terminate operations at its plant in central Japan by March 2013, as part of steps to consolidate its digital imaging business activities. Sony said a series of reform steps will help reduce its annual fixed expenses by Y30 billion from fiscal 2013 that begins next April. 

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