tag:blogger.com,1999:blog-91921071230884272.post-91830346429832419362008-12-09T02:42:00.000-08:002008-12-09T02:55:26.579-08:00<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_YqYaSbT8xWI/ST5OkEO8U3I/AAAAAAAACJc/wR_Ho1aVdzU/s1600-h/20060105-IMG_2775-StringerSony-320.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 276px; height: 320px;" src="http://1.bp.blogspot.com/_YqYaSbT8xWI/ST5OkEO8U3I/AAAAAAAACJc/wR_Ho1aVdzU/s320/20060105-IMG_2775-StringerSony-320.jpg" alt="" id="BLOGGER_PHOTO_ID_5277742194843472754" border="0" /></a><br />Japan's <a href="http://http//www.bloomberg.com/apps/news?pid=20601085&amp;sid=aF1_IdY1za14&amp;refer=europe">Sony</a> is expected to cut almost 4 percent of its workforce, totaling to 8000. The cutting of jobs was due to the effect of financial crisis that likewise hit the electronic products.<br /><br /><br /><br />The restructuring is a setback for Chief Executive Howard Stringer, who had implemented a major restructuring after taking the helm in 2005 and until recently seemed to have put the company on a recovery track.<p class="textBodyBlack"><span id="byLine"></span>It also underlines the grim outlook for Sony and its rivals during the year-end shopping season as the financial crisis grows into a broad recession that has already engulfed the United States, parts of Europe and Japan..</p><p class="textBodyBlack"><a href="http://http//www.cnbc.com/id/28126900">more...</a><br /></p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/91921071230884272-9183034642983241936?l=www.marketsnmoney.com' alt='' /></div>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0