TOKYO Japan's Sony Corp plans to cut 15,000-20,000 jobs or about 10 per cent of its global group workforce by the end of March 2006, as it pulls out from unprofitable operations, a report said on Monday. Sony will also cease domestic production of Cathode-ray tubes for television sets by the end of next year, the Nihon Keizai Shimbun reported.
The electronics giant will announce the moves on October 28, when it unveils new structural reform plans to be completed by the end of March 2006. Sony plans to make the job cuts from the global workforce of 160,000 by inviting early retirement and curbing hiring, it said. The firm is considering cutting 1,500-2,000 payrolls on a parent-only basis.
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