Sony to make massive cutbacks

[bernse]

From Yahoo

THE CUTBACKS

Sony's restructuring will include a cut of about 20,000 jobs in its global work force of 154,500, excluding those in financial segments.

The cuts will include 7,000 jobs in Japan, but Sony President Kunitake Ando said the company was not prepared to say if certain domestic factories would be targeted.

Two Japanese factories manufacturing bulky cathode ray tube (CRT) TVs were expected to be hard hit as Sony focuses on slimmer, flat-screen models.

To ensure a steady supply of LCD screens for TVs, Sony announced a $2 billion joint venture to make flat screens for televisions with Samsung.

"Sony is very strong at developing things by itself, but we are now in an era where teaming up with others is a way to propel growth," Idei said.

Kind of interesting.

 

[bpt8056]

Too bad that they're discontinuing their line of CRTs. I've been looking at their new 34XBR910 model, which breathes new life in CRT technology. However it is getting quite expensive and LCDs are getting cheaper and cheaper each month. It seems like a good strategic move on Sony's part to adapt as quickly as possible to meet future consumer demands.