NJ5 said:
I can see buyers for some of their Intellectual Property. However who wil buy their factories for more than peanuts in an economy where most companies are trying to save cash and decrease production rather than increasing it. Sony is a huge company so that question is too complicated to examine quickly, we'll just have to wait and see what they can do. One big problem for them is that restructuring takes time to pay off (as the FT article says, for every fired employee, severance pay is usually needed). One can't imagine the complexity of restructuring a company in a short period, I think we're going to read things we can't even imagine right now.
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Yea, its a complicated time at the moment. We should all hope Sony gets it together.
On top of all this ive just heard that:
Boeing is cutting 4,500 jobs, Land of Leather- a british furniture retailler has gone into administration and JCB is cutting more jobs.
I really dont like the look of what this world will be like once this recessions over
