Sony to Close Factories and Lay off Workers

With the global economy, things are tough all over. Even industry stalwarts like Sony are feeling the crunch of hard economic times. Sony has announced that it will close one of its factories in France as part of its savings plan.

The plan will see five of Sony's plants close by 2010. In addition to closing the factories, Sony will also cut 8,000 workers from its staff, reduce production, and delay investments.

The French plant that will be closed makes tape and other recordable media and Sony says that a planned LCD TV assembly plant in Slovakia has been postponed as well. Sony plans to reduce its investment in electronics business by 30% by 2010. Sony will also increase prices on its goods in Europe to make up for some of its losses.

Via The Register

Updates

Darling Clandestine Solid Perfume Review

Source: Claire's Beauty

Sometimes you encounter people and you realize that they are just so cool, they intimidate you with their awesomeness. Then you discover that they are in fact cooler than you could ever believe possible, because they are totally approacha ...
Full article at: Claire's Beauty  More like this  2 hours ago

The Chronicles of Mitt: May 25, 2012

Source: Daily Kos

Hello, human diary! It is I, Mitt Romney, your better. My staff has informed me that, as a promotional tool, I have agreed to a dinner with Donald Trump. Apparently we are raffling off the opportunity for donors to attend the dinner wit ...
Full article at: Daily Kos  More like this  2 hours ago

Eric Wedge sits Dustin Ackley on his bobblehead day

Source: MSNBC

Tonight is Dustin Ackley bobblehead night at Safeco Field. However, Ackley isn’t playing. Manager Eric Wedge said he’s resting his second baseman, even though the Angels are throwing a right-hander. Which is just plain stupi ...
Full article at: MSNBC  More like this  3 hours ago, 6:47pm CDT

Don't miss ...

• More Other Stuff Stories
• I4U News Homepage