Restructuring events
European Restructuring Monitor (ERM)
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.
Japanese electronics and entertainment group Sony has announced plans to reduce its workforce by around 1,000 by March 2016 as part of its new restructuring plans. The job cuts will focus on its workforce in Europe and China, and would be in addition to the 1,000 job cuts in the company’s global mobile division already announced in October 2014 .
The recently announced job cuts are concentrated in the company’s smartphone division. The aim is to reduce the losses experienced by the smartphone and mobile segment of the company allowing Sony to meet its growth targets for the next financial year. The planned job cuts would result in a reduction down to 5,000 in Sony’s mobile division workforce by the end of the fiscal year ending March 2016.
Eurofound (2015), Sony, Internal restructuring in World, factsheet number 78326, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78326.