Thursday, December 18, 2008

Sony Cutting Workers

Along with so many other companies, Sony Corp. is slashing 4 percent of its worldwide work force. It is reining in spending and shutting plants as it tries to ride out a looming worldwide recession that is battering Japan's export-reliant manufacturers. Tokyo-based Sony, which is cutting 8,000 of its 185,000 jobs, said it will shut five or six plants or about 10 percent of its 57 factories. It seems every day we hear of more plants closing and more jobs being cut. Where will it end?

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