SUBSCRIBERS
Sony to cut 1,000 jobs at Swedish mobile division
Published Mon, Mar 9, 2015 · 09:50 PM
Stockholm
JAPANESE electronics giant Sony said Monday it would shed 1,000 jobs at its Swedish mobile unit as the division moves to drop over a quarter of its workforce.
The company, known for its Playstations and Xperia smartphones, will cut its total workforce in the southern town of Lund from 2,200 to 1,200 employees.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue