SPACE WIRE
Sony to cut 20,000 jobs over three years
TOKYO (AFP) Oct 28, 2003
 Japanese consumer electronics giant Sony Corp. said Tuesday it would cut 20,000 jobs over three years as part of a package of new business measures aimed at reviving its profit structure, with 7,000 employees to go in Japan.

"Sony plans to reduce the consolidated number of Sony regular employees by about 20,000 over a three-year period. This will include about 7,000 employees in Japan," Sony said in a statement.

It said the total workforce as of March stood at 154,500, excluding the finance sector.

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