BBC NEWS | Business | Sony to cut 10,000 jobs worldwide

BBC NEWS | Business | Sony to cut 10,000 jobs worldwide: "Electronics giant Sony has announced plans to cut 10,000 jobs worldwide as part of a restructuring programme.
The job cuts, which represent about 7% of the company's workforce, will be achieved by March 2008, the firm said.
About 4,000 jobs will go in Japan, with the remaining 6,000 cuts overseas. The company will also close or sell 11 of its 65 manufacturing plants.
Sony, which now has its first-ever non-Japanese chairman, has been losing ground to rivals in key sectors.
The company that invented the Walkman has been humbled in the portable music market by Apple's iPod, while it has also been caught out by the shift from traditional cathode-ray tube televisions to flat screens."