Sony to Cut 10,000 Staff
It has been announced the electronics firm Sony is going to cut around 10,000 jobs which will be part of a re-organisation of the company.
The news has come from the chief executive of Sony Kazuo Hirai.
According to Sony the cuts will represent about a 6% cut in the global workforce of Sony and the job losses will happen over the next 12 months of trading.
Some of the cuts will come from staff who are working from parts of the business which are going to be sold for example the chemicals division.
Sony has said that they have been struggling to compete within the television business especially with competition form rivals such as Samsung and LG.
It has also received competition from Apple who have made a move into the audio gear and head phone market.
Sony recorded a forecast that saw a record annual loss of around £4 billion, which is double what it had as its original estimate. To further add to the company’s worries it has seen a drop in its share prices of around 40% over the last 12 months.
In the future Sony has said that it would like to focus on three major areas of its business mainly digital imaging, games consoles and mobile devices.