Sony Starts Job Cuts in Sweden

Sony is reported to have started making the first round of job cuts in its mobile business, with news that 1,000 jobs are to go in Sweden.

The company is understood to have told staff in Lund that it will almost halve the workforce there from 1st April when Sony begins making structural changes to its business.

Last month Sony narrowed its annual net loss forecast to ¥170 billion ($1.4 billion), having previously said it expected to record a net loss of ¥230 billion ($1.9 billion) (Sony Cuts Loss Forecast but Also Cuts More Jobs). At the same time Sony announced a further round of job cuts in its mobile business. The business has now seen its workforce reduced by one third.