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Electronics Production | July 20, 2008

Sony Ericsson cuts 2000 jobs

Sony Ericsson plans to cut 2000 jobs worldwide, to cut costs.
As part of a saving package the job cuts will be made during the next 12 month. This announcement came on Friday as the company posted a 97 % drop in second-quarter net profit.

Sony Ericsson forecasts that the global handset market for 2008 will grow at a rate of around 10% from more than 1.1 billion units in 2007, with continued decline in industry ASP. The majority of this growth is expected to be in emerging markets where lower priced phones dominate.

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