Sony

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
160 - 290 jobs
Number of planned job losses
Job loss
Announcement Date
24 July 2004
Employment effect (start)
Foreseen end date
31 December 2004

Description

Sony Deutschland announced it planned to cut 290 jobs in order to return to profit. The tough market situation in the sector, as well as the costs for the company's revamp programme are the main reasons for the net loss in 2003/04. The company said in a statement it would cut 160 jobs and farm out a further 130 jobs to external firms and services suppliers.

Sources

  • 26 July 2004: Financial Times Deutschland
  • 24 July 2004: Berliner Morgenpost

Citation

Eurofound (2004), Sony, Internal restructuring in Germany, factsheet number 60584, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60584.