Sony Details Restructuring Plan For Japan-Based Business, Laying Off 2,000 Jobs

Posted on Oct 19 2012 - 8:02am by Editorial Staff

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The Japanese tack giant Sony today finally detailed out its restructuring plans for its Japan-based business with the closing of a lens factory, resulting in a layoff of 2,000 jobs through an early-retirement scheme. Sony says the changes make its electronic business “revitalize and grow,” with certainly the move it is expecting to save 30 billion yen (about $378 million) annually next year. If goes with what it all said, the early-retirement plan will going to have the major impact on the company’s head office, where it says around 20 percent of the workforce will have departed by the end of the year. No doubt the whole of the thing going to be big, but now all have to see what would be the total time frame it will take.

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