Sony's cell phone division cutting 1,000 jobs
Sony's cellphone division is cutting 1,000 jobs, or 15 percent of its global workforce, mostly in Sweden over the next two fiscal years through March 2014.
Sony Mobile Communications said Thursday the job cuts are an effort to reduce costs and boost profits.
The job reductions are part of Sony Corp.'s already announced plan to reduce 10,000 jobs, or 6 percent of its global workforce, by March 2013.
Of the 1,000 jobs being cut, 650 are at Sony Mobile in Lund, Sweden.
The Japanese electronics and entertainment company posted record losses for the fiscal year ended March, battered by competition from Samsung Electronics Co. and Apple Inc.
Taking control over its mobile business, formerly a joint venture with LM Ericsson, is a key part of Sony's turnaround.