Japanese multinational Sony plans to cut 10,000 jobs, near 6% of its workforce, possibly later this year, according to Japanese media reports.
According to the Nikkei business daily and other media, half of the reduction would come from the integration of operations in the Chemicals division and the LCD screen division. Sony spokeswoman Yoko
Sony announced their restructure plans to sell its chemicals. In addition, Sony will also merge its business of liquid crystal panels with Hitachi and Toshiba.
Between April and December 2011, the first nine months of the fiscal year in Japan, the technology giant lost more than 2,000 million euros, and it is expected that the outcome of the fiscal year, which ended on March 31, shows red numbers for its fourth straight year.
The new CEO of Sony, Kazuo Hirai, plans to give a press conference about this on Thursday. (ARL)