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 26.40 - Manufacture of consumer electronics
5,000 - 10,000 jobs Number of planned job losses
Announcement Date
12 April 2012
Employment effect (start)
13 April 2012
Foreseen end date
31 March 2013
Description
Japanese electronics and entertainment group Sony has announced that it is to trim its global workforce and cut up to 10,000 jobs. Half of the jobs will be cut in the television division of the company. Another 5,000 employees will leave Sony but might retain their jobs, as they are working for two production units that Sony sold to other companies.
Since 2005, Sony enforced two other substantial rounds of staff reductions - the first in 2005 resulting in 10,000 job cuts and a second wave of restructuring in 2008 with 16,000 job cuts.
Sources
9 April 2012: The Financial Times
Citation
Eurofound (2012), Sony, Internal restructuring in World, factsheet number 73440, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73440.
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