InfoAnda - Sony to ax 10,000 jobs in turnaround bid: Nikkei |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Oil hovers above $40 with stimulus package pending | 4 February 2009
Capsule reviews of `Valkyrie' and other films | 23 December 2008
AMD CEO battle plan lacks details: analysts | | 3 February 2012

Blink-182 announces reunion at Grammys | Entertainment | | 9 February 2009

Forum Views () Forum Replies ()

Read more with google mobile : Sony to ax 10,000 jobs in turnaround bid: Nikkei |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (3) Slideshow Counterparties: Today's Best Links The trader known as "Voldemort" A relatively unknown London-based JPMorgan trader's large bets are shaking up the debt market and worrying some regulators, Bloomberg News writes. Read more at Countperties Obscure banks doing business with Iran How the mild winter fooled us on the economy Follow Reuters Facebook Twitter RSS YouTube Read Trayvon Martin call was "mistake, not deliberate": NBC 08 Apr 2012 Winter snowfall record set in Anchorage 08 Apr 2012 Masters flop shows Tiger not out of the Woods yet 08 Apr 2012 AOL to sell 800 patents to Microsoft for $1 billion | 11:15am EDT Quarterback Tim Tebow talks football, faith in Texas 08 Apr 2012 Discussed 813 Obama confident Supreme Court will uphold healthcare law 304 Tyler Perry Pulled Over, Accuses White Cops of Racial Profiling via Facebook 291 Analysis: Justice Kagan–Giving liberals a rhetorical lift Watched North Korea prepares to launch rocket Sun, Apr 8 2012 Transgender beauty says she wants to compete for Miss Universe Tue, Apr 3 2012 Veteran journalist Mike Wallace dead at 93 Sun, Apr 8 2012 Sony to ax 10,000 jobs in turnaround bid: Nikkei Tweet Share this Email Print Related News Nikkei marks four-week low on Europe fears, eyes on BOJ Thu, Apr 5 2012 Nikkei dips as stronger yen prompts exporter sell-off Tue, Apr 3 2012 Insight: Dynamic CEOs defy Japan Inc's decline Mon, Apr 2 2012 Japan's Nikkei logs strongest Q1 rise in 24 years Fri, Mar 30 2012 Nikkei weighed by ex-dividends, slips from 1-year high Wed, Mar 28 2012 Analysis & Opinion Counterparties Tennis, with strings attached Related Topics Tech » Media » Japan » 1 of 2. A logo of Sony Corp is pictured at an electronic store in Tokyo April 9, 2012. Japan's Sony is to cut 10,000 jobs, about 6 percent of its workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red. Credit: Reuters/Yuriko Nakao By Chris Gallagher TOKYO | Mon Apr 9, 2012 12:25pm EDT TOKYO (Reuters) - Japan's Sony Corp (6758.T) is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red. The job cuts would be the latest downsizing in Japan Inc where companies from cellphone maker NEC Corp (6701.T) to electronics firm Panasonic Corp (6752.T) are trimming costs in the face of a strong yen and competition from rivals like Apple (AAPL.O) and Samsung Electronics (005930.KS). TV makers in particular have been hit hard by the tough business climate as well as sharp price falls, with Sony, Panasonic and Sharp (6753.T) expecting to have lost a combined $17 billion in the fiscal year just ended. Investors will closely monitor a briefing on Thursday by Hirai, who formally took over this month as chief executive from Howard Stringer, for further clues on how Sony plans to revamp its business. "Under a new CEO, it's easier to cut jobs or go in a new direction," said Yuuki Sakurai, head of fund manager Fukoku Capital, which had around $7 billion worth of assets under management as of end-March 2011. "One of the things I'd like to see is that they shift their resources to other areas outside TVs ... If they stick to TVs, they may have to fight a war they may not be able to win." ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Sony earnings graphic: r.reuters.com/wah46s Sony staff details: r.reuters.com/kam57s ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The Nikkei said half of the latest round of job cuts would come from consolidating the firm's chemicals and small and midsize LCD operations. Sony said last month it was selling a chemical products division, accounting for some 3,000 people, while on April 1 it merged its Sony Mobile display unit, which had about 2,000 workers, with the small LCD panel businesses of Toshiba Corp (6502.T) and Hitachi Ltd (6501.T) into a new firm called Japan Display. The Nikkei said it was not clear how many of the cuts would take place in Japan or overseas. As of end-March 2011, Sony had 168,200 employees on a consolidated basis, according to the company's website. Sony may also ask its seven executive directors who served through the fiscal year to end-March, including Stringer, who is now chairman, to return their bonuses, the Nikkei said. Sony declined to comment on the report. Sony announced 16,000 job cuts in December 2008 after the global financial crisis battered demand for its products, but it has not managed to make a profit since then. The company has forecast a 220 billion yen ($2.7 billion) net loss for the fiscal year just ended, hurt in large part by its ailing TV business. Sony said last month that Hirai would keep direct charge of the TV business as part of a structural reorganization. Sony shares closed up 0.6 percent, while the benchmark Nikkei average .N225 ended 1.5 percent lower. The stock has dropped more than 10 percent in the past 3 weeks since hitting a 7-month high. (Reporting by Chris Gallagher; Additional reporting by Shinichi Saoshiro; Editing by Edmund Klamann and Ian Geoghegan) Tech Media Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (3) VonHell wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 9 April 2012
Exclusive: Mubarak aide presidency bid an insult: Islamist rival |
Exclusive: Egypt's Islamist candidate says IMF deal unlikely |
Russian opposition holds first Red Square protest |
UK cruise retraces Titanic's ill-fated voyage |
Monti wants Italy-Israel jet deal done soon |
Ex-KGB man wins presidency in South Ossetia |
Veteran CBS journalist Mike Wallace dead at 93: network |
North Korea readies longer range rocket; Japan, S.Korea wary |
Exclusive: Mubarak aide presidency bid an insult: Islamist rival |
Analysis: South Korea's Twitter generation may give liberals upset win |
Four killed, 10 wounded in South Yemen Islamist clashes |
Exclusive: Egypt's Islamist candidate says IMF deal unlikely |
New blast hits Egypt gas pipeline serving Jordan, Israel |
Bomb kills at least 16 in Nigeria's Kaduna |
Peace Corps leaves Mali, new U.S. travel warning issued |
Ex-KGB man wins South Ossetia presidential election |
Syria demands guarantees; rebels say peace plan doomed |
Autopsy scheduled for painter Thomas Kinkade |
TV cameraman shot dead on Lebanon-Syria border |
Egypt court hears case to bar Mubarak aides from presidency |
Iran rules out conditions to talks: Salehi |
Police clash with anti-govt protesters in central Tunis |
Blast kills 12 in southern Somalia market: official |
Ukraine's Tymoshenko says murder allegations absurd |
Nigeria violence spreads after deadly sect attacks |
Yemeni army clashes with Islamists in south, 38 killed |
Sony to ax 10,000 jobs in turnaround bid: Nikkei |
AOL to sell 800 patents to Microsoft for $1 billion |
Splunk sees IPO priced at $8-$10 per share |
Anonymous says plans more attacks against China sites |
New app transfers money with the tap of a phone |
Autopsy scheduled for painter Thomas Kinkade |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01