Sony Speaks Of No More Restructuring
Because of hard times, Sony cut jobs right before Christmas, at a total of about 8,000. According to the New York Times, who quoted Kazuharu Miura, that it had already cut 4,000 jobs throughout the world, while also terminating another 5,000 just in the country of Japan alone. The Times is reporting now that Sony’s plan to restructure is just not enough after the drop in the Japanese currency and other currency world wide. Even though it seems like major restructuring is needed for the electronics company, spokesman Atsuo Omagari is stating that they do not plan to make anymore additional restructurings plans at this current point in time.