Sony Announces Restructuring Plans, 10,000 Jobs Going to be Cut

Sep 22 2005, 1:18am EST | by Luigi Lugmayr

Struggling electronics giant Sony announced today in Japan a restructuring plan to get back on track.

Sony plans until 2007 to lay-off 10,000 employees. Sony is also going to streamline it's product offering and reducing the number of products the company will develop.
Sony plans a cost reduction of 2,000 hundred million Yen until 2007.
The Cell Chip and High-Definition related technologies are central points of the growth strategy. The statement is pretty long and has many details on how Sony wants to become successful again.
More details in this Sony press-release (Japanese). Update: The Sony Strategy Plan is now also available in English at the US Sony site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.