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Sony to cut 10,000 Jobs

PRESSURE: Sony's new chief, Kazuo Hirai

ELECTRONICS FIRM Sony has reportedly confirmed it is to slash 10,000 jobs across the world this year as part of a series of sweeping reforms.

The cuts were announced by Sony's new chief, Kazuo Hirai, and could mean that
a massive six per cent of Sony's overall workforce will be cut, reports Sky News.

Currently the company reportedly employ 1,490 UK staff, whom are waiting to hear if and how they will be affected by the announcement.

A Sony UK spokesman told Sky News: "Sony Europe will respond to the challenges set by Tokyo in due course."

An estimated 5,000 workers will come off Sony's payroll following the proposed sale of their chemicals business and a small liquid crystal display fabricator.

The news comes after the company reported that it has more than doubled its forecasted annual losses.

Speaking at a news conference at Sony's Tokyo headquarters, Mr Hirai said: "We have heard a multitude of investor voices calling for change."

He added: "Sony has always been an entrepreneurial company. That spirit has not changed."

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