Electronics giant Sony announced Thursday that it will cut 1,000 jobs, or about 15 percent of the workforce, from its Sony Mobile Communications division. It will also move Sony Mobile's headquarters from Sweden to Tokyo in an effort to cut costs. The move comes less than a year after Sony, based in Japan, bought back shares belonging to Swedish telecom Ericsson. The two companies launched a joint venture, Sony Ericsson, in 2001. Sony, which announced in April that it would nix 10,000 jobs worldwide, lost $5.81 billion in the year to March.
Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/22aa88e2/l/0L0Stechnewsworld0N0Crsstory0C759880Bhtml/story01.htm
MICROS SYSTEMS MICRON TECHNOLOGY
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