Sony Paring Its Work Force by 8,000

Posted on Dec 9, 2008

Flickr / Ian Muttoo

Japanese technology giant Sony Corp. announced Tuesday that it is planning to slash 8,000 jobs—or about 4 percent of its global work force— in response to the deepening international economic crisis.

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AP via Google News:

The company will close several plants, including one in Dax, France, cut investment in electronics and outsource some work. The moves will deliver more than 100 billion yen ($1.1 billion) in savings a year by March 2010, the company said.

The global financial crisis is hitting the U.S., European, Japanese and emerging nations’ economies, said Senior Vice President Naofumi Hara.

“Now we are all facing a recession together,” he said. “It is impossible to predict how much longer the situation will last.”

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