Macroaxis: Sony Has 79% Chance of Going Bankrupt in the Next 2 Years

[ninetailschris]

Kasz216 said:

ninetailschris said:

Kasz216 said:

ninetailschris said:

Asdrendeluxe said:

gooch_destroyer said:

ninetailschris said:

 

 

 

 

Problem is.  Japan is like America.  You can't just fire people because you are losing money.

Japan's "Employment for Life" culture and laws makes it REALLY hard to let people go.

Closing the department might cost them more because then they'll owe on their salaries and pensions and have no work for those employees to do... and bring in no revenue.

Could they move them over to different markets by expand other markets? 

By the way I heard the employment for life has been decreasing year by year. I could swear I read that from associate press.

Define move them over to different markets and expand by other markets.  You mean, transfer employees to different parts of the company?

Probably... but not sure what having a bunch of TV engineers over in the entertainment section will acomplish. 

As for it decreasing year by year....

It has been... because companies have been going bankrupt in Japan... and Japanese workers have jumped ship from companies that seem to only be servicing debt when they got better options elsewhere and newer companies are relaxing hiring contracts.

None of that really applies to Sony.

You pretty much either need to stay pat, and hope your profitable or offer expensive buyouts like so

http://news.cnet.com/8301-1001_3-57616386-92/sony-troubles-persist-factories-said-to-be-target-of-staff-cuts/

and as an example of how hard it is to offload assets when your troubled for cash...

http://www.reuters.com/article/2013/12/29/us-sony-batteries-idUSBRE9BS00O20131229

Ah I see now. The best idea would be trying moving there business overseas but them being in Japan means I can't see that happening. Well I guess there just going to have deal with losing millions or try change the laws to protect business over employers. Japan in debt and laws like this make there not thinking about the future. No wonder the Koreans are passing them by.