Sony to cut 6% of its global workforce

Kazuo Hirai, the new CEO of Japanese consumer electronics and entertainment company, Sony Corp, is under intense pressure to make the company profitable after being in the red for four years. According to Nikkei, Sony Corp will resort to restructuring and will cut 10,000 jobs, or about 6 per cent of its global workforce, by as early as the year-end. As per Nikkei half the job cuts would come from consolidating the firm's chemicals and small and midsize LCD operations.

As far as India is concerned, the consumer electronics giant said that it does not have any manpower realignment plan for India in the "near future." The company's Indian arm said it is rather ramping up its head count in the country to meet growing demand.

Source:The Financial Express