09.12.2008 08:06 Uhr, Quelle: Engadget

Sony to shed 8,000 jobs, increase prices in bid to bolster profitability

The bad news from the Japanese consumer electronics industry continues. Sony just announced plans to cut about 8,000 global jobs from its beleaguered electronics business while making unspecified reductions to its seasonal and temporary workforce. The move, as Sony explains it, comes "in response to the sudden and rapid changes in the global economic environment." Ominously, it looks like Sony will also be raising prices in the countries where "Sony makes significant sales" (read: US and Europe) if we're reading this statement correctly:"Going forward, Sony intends to adjust product pricing to mitigate the impact of the appreciation of the yen." Sony is also delaying or at least curtailing some of its investments while planning to "

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