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Sony plans more job cuts as smartphone sales shrink

2015-02-04 08:57:00| Telecompaper Headlines

(Telecompaper) Sony announced plans to cut another 2,100 jobs at its mobile phone business by March 2016, in order to return the activities to profit. In the past year, the company already reduced headcount by 15 percent at the mobile division. The additional restructuring is expected to cost JPY 30 billion and lead to JPY 90 billion in cost savings by the fiscal year ending March 2017. For the current year to 31 March, Sony forecast an operating loss of JPY 215 billion on sales of JPY 1.32 trillion for the mobile division. The downgrade from its previousl outlook reflects lower smartphoe unit sales, mainly in Asia, and foreign exchange effects. It will also take a JPY 176 billion impairment charge on the activities. In the coming years, sales are expected to shrink to JPY 900 billion to JPY 1.1 trillion in the year to March 2018 and the operatign margin improve to a positive 3-5 percent. In the latest quarter to 31 December, Sony reported sales up 28.7 percent to JPY 429.0 billion, and operating profit improved to JPY 9.3 billion from JPY 6.3 billion a year ago. The results were helped by exchange rate effects as well as an increase in smartphone sales to 11.9 million units from 10.7 million in the year-earlier period. For the full year to March, Sony downgraded its forecast for unit sales to 39.2 million, flat compared to the previous year, from an estimate of 41.0 million in October.

Tags: sales job plans sony

 

How Can The Collaborative Economy Create New Local Job Markets

2015-02-02 00:03:55| IT Services - Topix.net

Rawn Shah is Director & Social Business Architect at Rising Edge. He has been an active explorer and advisor of collaboration and culture in online communities and across organizations as a journalist, a gamer, a content marketer, a business process strategist since before the advent of the Web.

Tags: local create job economy

 
 

ConocoPhillips weighs more job cuts, freezes pay

2015-01-31 15:12:03| Oil & Gas - Topix.net

Houston-based ConocoPhillips is freezing salaries and considering cutting jobs in the U.S. as the energy giant reduces its 2015 capital spending by more than 30 percent .

Tags: pay job cuts weighs

 

Get Your Coins Up with @DJDimepiece! Job Openings Right Here in Columbus, Oh! 1-30-15 [Info]

2015-01-31 14:06:51| Chemicals - Topix.net

Need some EXTRA money? How about a new job? Well let DJ Dimepiece get your coins up! Check out some of her job openings right here in Columbus!! a Cheesecake Factory are looked my for a Manager. Need to go ahead and get that job so I can a discount lol.

Tags: info job oh columbus

 

As Portland's job growth continues, business leaders tout bikes and transit

2015-01-31 09:49:43| Semiconductors - Topix.net

Leonard Barrett of Beam Development atop an eastside office building that houses 350 workers. In 2005, Beam had planned to demolish it for a parking lot, but high biking and transit use changed the owner's mind.

Tags: business job tout growth

 

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