Japanese consumer electronics giant Sony is to cut 20,000 jobs over three years as part of a package of new business measures aimed at reviving profits, with 7,000 employees to go in Japan.
Sony said the total workforce as of March stood at 154,500, excluding the finance sector.
The company said it would implement a second phase of structural reforms of the group, including its electronics, entertainment and other major divisions 'to create a highly efficient, high added-value operational structure'.
Separately Sony and South Korean microchip giant Samsung Electronics announced they had signed a memorandum of understanding to establish a joint venture to produce flat panel television screens in South Korea.
