Business Week – Sony Sees a Second Year of Losses and will close eight factories, centralize procurement, and revamp its supply chain, but it also needs some great new products.
For months, Sony’s (SNE) management has been taking an ax to its operations. Back in December, as the yen’s unfavorable surge and a drop-off in global demand for electronics wreaked havoc on Japan’s tech industry, Sony announced that it would slash costs, eliminate 16,000 jobs and close a handful of its 57 factories around the world. A month later the electronics and entertainment company was at it again, adding asset sales to boost its savings.
