Sony Freezing, Cutting Employee Wages.. (First Time in Company History)

[NJ5]

Jo21 said:

NJ5 said:

Bullet100000 said:

All Giant corporations are facing Financial hardship not just Sony.

Sony is facing more hardship than most companies though. Other than banks and car companies, I don't see anyone doing much worse than Sony.

 

 

AIG, General Motors, Chrysler are doing much worse.

aig lost over 60 billion dollars last quarter come on!.

 

and all japanese companies are doing cuts from panasonic to toshiba name it.

I did mention car companies (and AIG is mostly an insurer of those failing corporations, so no surprise there).

Yes, the Japanese electronics companies are all suffering, but I don't think they're doing worse than Sony. Some have much better prospects due to not having much debt. In fact most Japanese companies are more conservative and therefore more resilient than Sony, not taking as much debt for example.

My point stands that Sony is one of the companies which is doing worst excluding banks and car companies... You don't see most companies doing as much restructuring as Sony is doing.