The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
16,000 jobs Number of planned job losses
Announcement Date
9 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
1 January 2010
Description
The Sony Group has announced a broad restructuring plan resulting in the loss of 16,000 jobs worldwide in order to tackle the current global economic crisis.
The plan envisages an investments’ reduction and the closure of several industrial sites (10% of the total) with the loss of 16,000 jobs. 8,000 redundant workers are employed on an open-ended contracts and the remainder 8,000 are employed on temporary contracts. The company is expected to announce the sites that will be affected by the plan in the next days.
With 160,000 employees worldwide, the Sony Group operates in the electronics, game, entertainment, and financial services sectors.
Sources
9 December 2008: Il corriere della sera
9 December 2008: Il Diario del lavoro
Citation
Eurofound (2008), Sony, Internal restructuring in World, factsheet number 67599, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67599.
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