Sony cutting global workforce
09-12-2008
The Japanese electronics maker, Sony, says it is to cut about five per cent of its global workforce -- and shut down ten per cent of its production facilities. The move comes as new figures show Japan's recession is deepening far more quickly than forecast; the figures suggest Japan's economy -- the second largest in the world -- shrank by 1.8 percent this year.
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Sony to cut 5% of its workforce
10-12-2008
People look at Sony TV sets at an electronic shop in Tokyo. REUTERS
The Japanese electronics maker, Sony, says it is to cut about five per cent of its global workforce and shut down ten per cent of its production facilities. The move comes as new figures show Japan's recession is deepening far more quickly than forecast; the figures suggest the economy dropped at an annual rate of one-point-eight percent in the latest quarter.
