UK waits on news of Sony job plans

UK waits on news of Sony job plans
Alex Mayhew-Smith Japanese giant Sony has announced restructuring plans for its worldwide electronics businesses that could affect its UK manufacturing activities. The firm said it will cut 17,000 jobs worldwide – ten per cent of its workforce – and close 15 of its 70 factories over the next four years. Although the firm has not yet detailed where job losses will occur, it employs 7,000 people in the UK, 4,500 of them are based at two factories in Pencoed and Bridgend in south Wales. The rest of the UK jobs are in sales and marketing, logistics, broadcasting and the research and development of the computer games business, which are likely to remain mostly unaffected. The UK factories make televisions and video recorders, product lines that may be cut back as the firm refocuses its business on Internet opportunities. The electronics group will be reorganised into three networks divisions: home networks, personal IT networks, and a core technology and network division. Nobuyuki Idei, Sony’s president, said: “Sony will invest aggressively in R&D, capital equipment and facilities so that our electronics business can evolve to meet the needs of a network-centric world.”


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