EMCC European Monitoring Centre on Change

Sony

Company/Organisation:
Sony

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 154000
Group: Sony

Employment Effects

Announcement Date: 21-10-2003
Planned Job Reductions min: 20000
Planned Job Reductions max: 20000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2003
Foreseen End Date: 01-12-2006

Additional Information

Sony announced a huge reorganisation plan affecting 20,000 jobs world-wide by the end of 2006, i.e. 13% of its total workforce. By 2004, two production plants should be closed in Japan, affecting 7,000 workers. The production plants in China, Japan and the rest of Asia will be redesigned, as well as the European units. The reorganisation plan - 'Transformation 60' in reference of Sony's 60th anniversary that will be held in 2006 - envisages a investment programme of Yen 335 billions over the next three years, in order to reduce their fixed costs of Yen 200 billions by the end of 2006.