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Sony Corp., which recently announced 16,000 job cuts and other drastic restructuring plans, needs to implement further steps, possibly including additional job cuts, to cope with the rapidly deteriorating economic situation, its president, Ryoji Chubachi, said Thursday.

Hit by dwindling demand for consumer appliances and the yen’s surge, Sony said last week it will cut a total of 16,000 regular and nonregular jobs, close 10 percent of its production bases and slash its fiscal 2009 investment by 30 percent from its earlier plan, all concerning its mainstay global electronics operation.

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