RobertoOrtiz
10-28-2003, 04:30 PM
Quote:
"Tue Oct 28, 7:25 AM ET
TOKYO (Reuters) - Sony Corp (NYSE:SNE - news) (news - web sites) said on Tuesday it will cut its work force by 13 percent or 20,000 jobs in the next three years, while focusing on cutting-edge semiconductors to revive an aging product lineup and overhaul its struggling electronics business.
The entertainment and electronics giant, giving details of a three-year, $3.1 billion restructuring plan announced earlier this year, also said it will establish a liquid crystal display (LCD) joint venture with Samsung Electronics
"People have said we have fallen into a black hole and these are our first steps out," said Executive Deputy President "
>>link<< (http://story.news.yahoo.com/news?tmpl=story&u=/nm/20031028/bs_nm/tech_sony_restructuring_dc_6)
-R
"Tue Oct 28, 7:25 AM ET
TOKYO (Reuters) - Sony Corp (NYSE:SNE - news) (news - web sites) said on Tuesday it will cut its work force by 13 percent or 20,000 jobs in the next three years, while focusing on cutting-edge semiconductors to revive an aging product lineup and overhaul its struggling electronics business.
The entertainment and electronics giant, giving details of a three-year, $3.1 billion restructuring plan announced earlier this year, also said it will establish a liquid crystal display (LCD) joint venture with Samsung Electronics
"People have said we have fallen into a black hole and these are our first steps out," said Executive Deputy President "
>>link<< (http://story.news.yahoo.com/news?tmpl=story&u=/nm/20031028/bs_nm/tech_sony_restructuring_dc_6)
-R