Sony Job Cuts?

Sony reportedly plans to cut up to 20,000 jobs worldwide or more than 12 percent of its work force by March 2006. A Japanese newspaper reported Sony would also halt domestic production at two plants.

There have not been any announcements yet regarding specific locations, so its not known yet if this will affect the Dothan plant. Sony officials are saying the reports are a leak from an announcement coming from the Tokyo headquarters. A Sony spokeswoman confirmed the company is conducting a review of its worldwide operations and expects to announce a major restructuring later this month.

However, she refused to comment on the specifics of the Japanese newspaper report but did not deny that more jobs could be cut. Sony's electronics division has been struggling for more than a year amid global downturn. News 4 talked with an official in San Diego and he said the reports are strictly speculative. He said the meeting on October 28 will give more information but won't necessarily give specific locations of layoffs.