• The Associated Press


Sony Corp. said Thursday it will halve the number of parts suppliers to slash costs under a turnaround plan that is testing the mettle of Chief Executive Howard Stringer.

The electronics and entertainment giant plans to cut purchasing costs by ¥500 billion, or 20 percent of the ¥2.5 trillion spent in the business year ended in March, company spokeswoman Mami Imada said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.