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: 160000
Group: Sony Group

Employment Effects

Announcement Date: 09-12-2008
Planned Job Reductions min: 16000
Planned Job Reductions max: 16000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2009
Foreseen End Date: 01-01-2010
Direct Dismissals: 16000

Additional Information

The Sony Group has announced a broad restructuring plan resulting in the loss of 16,000 jobs worldwide in order to tackle the current global economic crisis.

The plan envisages an investments’ reduction and the closure of several industrial sites (10% of the total) with the loss of 16,000 jobs. 8,000 redundant workers are employed on an open-ended contracts and the remainder 8,000 are employed on temporary contracts. The company is expected to announce the sites that will be affected by the plan in the next days.

With 160,000 employees worldwide, the Sony Group operates in the electronics, game, entertainment, and financial services sectors.