EMCC European Monitoring Centre on Change

Sony Ericsson

Company/Organisation:
Sony Ericsson

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 84000
Group: Sony Ericsson

Employment Effects

Announcement Date: 17-04-2009
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

Sony Ericsson, a world leader in mobile handset industry, has announced a cost-saving plan that envisages 5,000 job cuts worldwide by the end of 2009. The job losses are attributed to a decline in the company's turnover due to the global economic crisis.
Ericsson has around 84,000 employees worldwide.