Sony slashing jobs, leaving unprofitable businesses

[NJ5]

Now bloomberg is saying 16,000 job cuts instead (including 8,000 contract workers).

http://www.bloomberg.com/apps/news?pid=20601087&sid=aiP0oocLk1KY&refer=home

All the job cuts are still confined to the electronics division though.

smallflyingtaco said:

NJ5 said:

PS: Yes, I know there are mitigating factors in that some expenses are paid in $/€ too, but still...

 

 

I was also under the impression this is a longer term benefit, that the commodities are often bought on longer term contracts not enabling a quick response to market changes.

Well, not all the foreign currency expenses are commodities, Sony also has plenty of workers abroad. Besides if the commodities are paid in dollars, the savings in Yen terms will be immediate in that area...