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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72.19 - Other research and experimental development on natural sciences and engineering
200 jobs Number of planned job losses
Announcement Date
20 November 2018
Employment effect (start)
20 November 2018
Foreseen end date
31 March 2019
Description
Sony has announced staff reductions of up to 200 in Lund, Sweden. The reductions concern staff in the company’s mobile phone-division. In addition to internal staff reductions, Sony is reducing the number of external consultants operating in Lund.
The staff reductions are a result of Sony’s globally falling sales of mobile phones. Cost-saving measures will be implemented in several countries housing the company's mobile phone production, with the aim to reduce overall costs by 50 percent over the coming two years. Sony expects to achieve these cost reductions mainly through layoffs and by integrating production processes.
According to Sony spokeperson, the number of layoffs can change during upcoming negotiations between employees and Sony. Negotiations are expected to be finished by the end of March 2019, after which the final number of staff reductions will be announced.
Sources
Citation
Eurofound (2018), Sony, Internal restructuring in Sweden, factsheet number 95847, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95847.
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