Tag Archives: job losses

Sony restructuring in Japan: camera lens plant to close with loss of 2,000 jobs

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Sony to close a camera lens factory, shed 2,000 jobs as One Sony begins to bite

Kaz Hirai's "One Sony" rescue plan was designed to unite the many disparate arms of the conglomerate, shed 10,000 jobs and make cost savings wherever it could. Facilities in Sweden and the UK have already been closed, so now the company is shifting focus to its operations in Japan. Sony will close its Minokamo site, which currently produces camera lenses for DSLRs and smartphones, with production being moved to factories in Kohida and Kisarazu, 840 staff will lose their jobs. The company is also instituting an early retirement program across its various Japanese businesses in order to push the domestic total to 2,000 -- which it must do before a self-imposed deadline of March 2013.

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Sony restructuring in Japan: camera lens plant to close with loss of 2,000 jobs originally appeared on Engadget on Fri, 19 Oct 2012 04:49:00 EDT. Please see our terms for use of feeds.

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AMD could slash up to 30 percent of its workforce according to reports

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AMD could slash up to 30 percent of its workforce according to reports

AllThingsD and CNET are reporting that 30 percent of AMD's workforce could be laid off, though one of several unnamed sources notes the cuts could be as low as 10 percent. If these reports hold true, this would be the second round of layoffs for AMD within a year's time. The reductions will reportedly affect the firm's engineering and sales employees, and may be serious enough to cause a paring back of product lines. The silicon giant could potentially reveal its plans as early as next week, which would coincide with the announcement of its third quarter financial results. With the company expecting a ten percent revenue drop in Q3, it looks like the latest figures will continue the trend of less than ideal results.

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AMD could slash up to 30 percent of its workforce according to reports originally appeared on Engadget on Fri, 12 Oct 2012 20:20:00 EDT. Please see our terms for use of feeds.

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Sharp reports 2,000 job cuts in Japan, more changes expected

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Sharp reports 2,000 job cuts in Japan, more changes expected

There was little doubt jobs would be on the line after Sharp's significant Q1 losses, but now it's official. Following a board meeting today, the company has joined the likes of RIM, Sony and HP, announcing the "voluntary retirement" of around 2,000 staff in Japan before the year's out. The layoffs are part of a wider, textbook reorganization plan, and are expected to cost a sizeable 27 billion yen (approximately $344 million). Neither figure is set in stone, however, so when everything is finalized we could see more jobs impacted and those costs soar. Whether this puts off potential investment from Hon Hai Precision Industry is unknown, but while Sharp's TVs get ever bigger, its wallet continues to get thinner.

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Sharp reports 2,000 job cuts in Japan, more changes expected originally appeared on Engadget on Tue, 28 Aug 2012 23:47:00 EDT. Please see our terms for use of feeds.

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Lexmark announces detailed restructuring plan: 1,700 layoffs, inkjet business to be nixed

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Lexmark announces detailed restructuring plan 1,700 layoffs, inkjet business to be sold

It's always a sad day when news come in of hard-working folks losing their cherished jobs -- and, unfortunately, today's one of those dismal days. In a detailed press release, Lexmark's let it be known it'll be be undergoing a company-wide restructure, but with the main focus being the exiting of the outfit's inkjet hardware development and manufacturing -- which, in the end, should save the printer maker about $95 million per year once the plan has taken place. Naturally, this doesn't come without any repercussions, as Lexmark's announced these restructuring actions will see around 1,700 worldwide jobs be lost; 1,100 of which are manufacturing positions, and also include the closing of an inkjet supplies manufacturing plant in the Philippines. Needless to say, we can only hope Lexmark sees better days. For now, however, you can peruse over the company's official word in the presser located right past the break.

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Lexmark announces detailed restructuring plan: 1,700 layoffs, inkjet business to be nixed originally appeared on Engadget on Tue, 28 Aug 2012 15:52:00 EDT. Please see our terms for use of feeds.

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Sony Mobile moving HQ to Tokyo, cutting 1,000 jobs in Sweden

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Sony Mobile moving HQ to Tokyo, cutting 1,000 jobs in Sweden

Sony's slow and painful transformation continues with a restructuring of its newly-minted mobile division. In October, it's moving its headquarters from Lund, Sweden (presumably a holdover from its Ericsson days) to Tokyo -- for deeper integration -- and repurposing the duties of its facilities in Tokyo, Lund and Beijing. As part of the changes, Sony Mobile will slash 15 percent of its workforce, with 1,000 employees being let go by the end of March 2014, in a trend we've seen across the industry. Most of those affected are in Sweden, with 650 on-site staffers and up to 450 consultants being shown the door.

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Sony Mobile moving HQ to Tokyo, cutting 1,000 jobs in Sweden originally appeared on Engadget on Thu, 23 Aug 2012 03:51:00 EDT. Please see our terms for use of feeds.

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HTC shuts Seoul office, leaves Korea to the Koreans

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HTC shuts Seoul office, leaves Korea to the Koreans

Having already pulled out of Brazil and shut down a research building in North Carolina, HTC has now closed its office in the South Korean capital of Seoul. The move is part of the Taiwanese manufacturer's efforts to "streamline operations" and focus on selling One-branded handsets in markets where it stands a better chance of success -- rather like Nokia's geographic retreat following its commitment to Windows Phone, but here on a much smaller scale. It's not yet clear how many jobs will be lost, but HTC says it regrets the "direct impact on people who have contributed to the growth HTC has experienced in the past several years." As it stands, analysts reckon that Korean manufacturers like Samsung, LG and Pantech rule a 90 percent share of their home market, leaving HTC with just one or two points that evidently weren't worth clinging onto.

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HTC shuts Seoul office, leaves Korea to the Koreans originally appeared on Engadget on Mon, 30 Jul 2012 06:45:00 EDT. Please see our terms for use of feeds.

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Olympus scales back, shifts focus to turn around fortunes

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Olympus scales back, shifts focus to turn around fortunes

Beleaguered camera maker Olympus vows to shed around 2,700 jobs and heavily restructure its business following a major accounting scandal. That works out that around seven percent of its total global workforce will be cut, with Olympus also aiming to sell unused property and close its Philippines plant over the next two years. The Japanese manufacture will also refocus on profitable imaging, medical and life-science departments -- presumably fields that would-be suitor Panasonic's also interested in.

Update: Or perhaps not.

Olympus scales back, shifts focus to turn around fortunes originally appeared on Engadget on Fri, 08 Jun 2012 03:36:00 EDT. Please see our terms for use of feeds.

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