Sony Expects To Make Further Job Cuts

Sony may make further restructuring moves, including adding more job cuts to its recent round of layoffs, according to a Kyodo news service interview with the company’s President Ryoji Chubachi published Thursday. The Japanese firm said last week it would cut 16,000 jobs, but Chubachi said more steps — including further lay-offs — may be needed. “With only these measures, we cannot fully survive the current economic situation,” he told Kyodo. Chubachi said business conditions are getting worse, with demand for its consumer appliances falling, especially since late November, a trend which he said “would not be a temporary but a long-lasting one.” He also said Sony would have to reassess its goal of expanding its personal computer, Blu-ray Disc and semiconductor operations into “trillion yen businesses” by March 2011. Information courtesy of MarketWatch.