Sony says 'no further reduction plans'

Sony had announced in December that it would lay off around 8000 of its worldwide full-time staff and 8000 of its temporary staff (evertiq reported). The Japanese company blamed a larger-than-anticipated deterioration in the global for these restructural measures. The company was also to postbone as well as revise its investment plans, outsource production to meet profit targets. The Times had reported that Sony may see additional job cuts and significant changes to management and manufacturing processes. “We announced the restructuring of the electronics business last month,” a Japanese spokesman for Sony told Bloomberg. “We are not planning to announce further restructuring at this time.”