Sony to shut TV plant in Japan, cut 2,000 jobs: report
By Sue Chang
Last update: 1:52 p.m. EST Jan. 21, 2009
SAN FRANCISCO (MarketWatch) -- Sony Corp. (SNE:
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21.98, +0.45, +2.1%)plans to close one of its two television factories in Japan and cut more than 2,000 full-time jobs, The Nikkei said on its Web site in a report dated Thursday. Chairman and Chief Executive Howard Stringer will announce the closure at a news conference later Thursday, where he is also expected to lower the firm's fiscal 2008 earnings outlook, the Japanese newspaper reported.
Source: http://www.marketwatch.com/news/story/sony-shut-tv-plant-japan/story.aspx?guid={D0B429CB-3F7B-4C51-9238-183ECAB63B2B}&dist=msr_2
Entire restructuring plan expected to be announced tomorrow.(Japan time?) Unfortunate for the workers, but sony should have made these changes ages ago.
