Sony confirms details of 10,000 job cuts

The electronics firm has updated investors as to where the cuts will hit, including a 20% slash to its headquarters workforce and the shutting of a factory in Minokamo

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Sony has given investors a more accurate breakdown of the 10,000 job cuts it announced earlier this year.

The company admitted it would be slashing the workforce at its Japanese headquarters by 20%, along with 20% of its home entertainment and sound business group – including its TV division.

Sony will also shut its factory in Minokamo in March 2013, responsible for manufacturing its lens technology and part of its mobile handsets. The mobile element will be “partially discontinued,” with remaining aspects moved to Sony’s Kisarazu plant.

The job losses are not just hitting Japan though, with 2,000 employees expected to be slashed from Sony’s European operations and an a yet to be announced number going from US offices too.

The company hopes the redundancies will save the firm 30m yen a year, but has admitted restructuring costs will tot up to 75m yen.

Sony’s next quarterly results are due at the start of November. The last figures from the firm, announced in August, showed losses of almost £230m, even with a rise in sales from its mobile division.



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