Sony chief denies spinoffs mean immediate withdrawal

Feb 26, 2015

Sony chief denies spinoffs mean immediate withdrawal

Sony Corp. President Kazuo Hirai said on Wednesday the company would not immediately sell off businesses such as its TV and mobile phone units that it is spinning off. Last week , Hirai did not rule out the potential sale of those struggling units ...

Sony faces struggle to find growth path

| Feb 20, 2015

Sony faces struggle to find growth path

by Shinya Ajima

Sony Corp. has unveiled its latest multiyear business plan, including spinning off its 36-year-old Walkman portable music player unit to cut costs, but it is unclear whether the reforms will be enough to secure growth. Kazuo Hirai, chief executive of the electronics and entertainment ...

Nov 18, 2014

Engineer mobility at Samsung is a lesson for troubled Sony

Samsung Electronics Co. is giving Sony Corp. a lesson in quick decision-making by moving engineers from its smartphone unit less than a month after posting a profit slump in the business. Samsung is transferring about 500 workers from mobile phones and allocating them largely ...

Pioneer to cut 2,000 jobs in bid to restructure

Sep 16, 2014

Pioneer to cut 2,000 jobs in bid to restructure

Pioneer Corp. said Tuesday it will cut more than 2,000 jobs — 10 percent of its group workforce — through voluntary retirement by employees and sales of noncore businesses to promote its rehabilitation. Pioneer also said it will sell its DJ equipment business for ...

Turner Broadcasting offering buyouts

Aug 27, 2014

Turner Broadcasting offering buyouts

The corporate parent of CNN, TNT and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner. The offer went out to U.S.-based employees who are over 55 and ...

Jul 31, 2014

Panasonic's revamp efforts continue to pay dividends

Panasonic Corp. said Thursday that its operating profit grew in the April-June quarter on the back of efforts to restructure by shifting focus to industrial markets instead of less profitable consumer products. The electronics giant said group operating profit rose 28.2 percent to ¥82.29 ...

Jul 25, 2014

Sharp to pull out of last overseas solar panel venture

In a further reorganization of its solar business, Sharp Corp. is pulling out of its Italian solar venture, its last overseas panel manufacturing plant. The Osaka-based company agreed to transfer its one-third stake in 3Sun Srl to partner Enel Green Power SpA, Sharp said ...

Jul 20, 2014

Ricoh cancels transfer orders for 100 workers

Ricoh Co. plans to cancel job transfer orders for some 100 employees who refused to apply for early retirement, sources said Saturday. Some of the employees have filed lawsuits, asking a court to confirm that they have no obligation to agree to be transferred. ...

Sony completes sale of PC business, splits TV operation

Jul 2, 2014

Sony completes sale of PC business, splits TV operation

Sony Corp. has completed the sale of its Vaio personal computer business to a Tokyo-based investment fund and split its television operation as it restructures to turn around its flagging electronics business. Sony’s Vaio-brand PC business in Japan was transferred to a company named ...

Jun 3, 2014

Ex-JAL cabin attendants lose court ruling over dismissal

The Tokyo High Court on Tuesday ruled against 71 former Japan Airlines Co. cabin attendants who were seeking reinstatement after being dismissed as part of the airline’s corporate restructuring in the wake of its 2010 bankruptcy. The court ruled “the personnel cuts were necessary ...