"Sony cuts another 1,000 jobs"

"Sony cuts another 1,000 jobs"

Sony plans to cut another 1,000 jobs at its smartphone division, as the company's smartphones in the higher echelons of the market is still unable to compete with the likes of Apple (which has just revealed a record-breaking quarter) and Samsung.

30 % reduction in staff

Sony's onerous smartphone division faces another round of redundancies: according to press agency Reuters's Tokyo sources, another 1,000 people will be fired - although a company spokesperson refused to comment.

 

These cuts will be on top of the previously-announced 1,000 jobs cut. In the end, the division will employ some 5,000 people, which is a 30 % reduction in staff. According to business paper Nikkei, China, Great Britain and Sweden face the bulk of the reduction. Sony is expected to officially announce the redundancies when it presents its quarterly results on 4 February.

Questions or comments? Please feel free to contact the editors


Ceconomy issues profit alert for first quarter

22/01/2018

Media Markt and Saturn’s parent company, Ceconomy, issued an alert warning it would probably have weaker first quarter results.

Samsung targets record fourth quarter profit

09/01/2018

Korean technology firm Samsung has released preliminary quarterly results indicating it forecasts record profits in 2017’s fourth quarter. Nevertheless, it does not seem it can live up to analysts' expectations.

MediaMarkt's co-founder passed away

28/12/2017

Erich Kellerhals, co-founder of electronics chain MediaMarkt, has died on Christmas day, aged 78. The German laid the foundation for one of the world’s largest electronics chains in 1979.

Media Markt's parent company thrives thanks to online

19/12/2017

Media Markt and Saturn’s new parent company, CECONOMY, has performed well in its fiscal year 2016/2017. Its 1.3 % turnover increase was largely thanks to improved online sales.

Carrefour and Fnac Darty consider purchase alliance

01/12/2017

Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.

Media Saturn launches a first, fully virtual shopping world

21/11/2017

Saturn customers can use their own VR goggles to see products in two virtual environments. It is not yet possible to actually buy something in VR however.

Back to top