Sony aims to cut costs, workers to revive its electronics business

Article Abstract:

Sony Corp. of Japan is planning to cut costs, personnel and products and forecasting a sales boost of $8 billion in the next 2 1/2 years. Approximately seven percent of the workforce or 10,000 people will be layed off. A revised financial forecast for this year is a loss of 10 billion Yen ($90 million).

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Sony plots its turnaround strategy

Article Abstract:

Sony Corp. must revive its old operations and create next-generation products as part of its turnaround strategy. The company's executives will meet in May 2003 in Tokyo, Japan to discuss the turnaround strategy.

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Sony aims to boost position in key components

Article Abstract:

Sony Corp. is seeking to increase its position in the key components business. The company is hoping to remain the leading technological firm in the the consumer electronics industry.

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