The expected restructuring – considered by many analysts to be occurring far too late – is likely to be announced early next month, with the lion’s share of the changes imposed on Sony’s domestic Japanese operations in the form of factory closures and the abolition of several major divisions.
The restructuring is expected to be unveiled after this month’s Consumer Electronics Show in Las Vegas and comes as analysts are warning that Sony faces long years of multibillion-dollar losses unless its president, Sir Howard Stringer, is given free rein to take on the company’s old guard and erase many of its legacies.
A Sony spokesperson has denied that any restructuring is planned, aside from the 8,000 jobs cuts announced last month. There are no specifics on what divisions will received the rumored cuts, or if the Game Division will even be affected. However, considering the losses that Sony has suffered due to the PlayStation 3 I don’t see how the division will be able to continue to operate without major changes.
Read the full article here.
-Justin
