Beleaguered Japanese electronics giant Sony is mulling drastic changes to its corporate structure, according to the Times of London. It is on the verge of shutting down many of its Japanese factories and important divisions. The world is gradually becoming inured to hearing about job cuts – if not job cuts themselves - as the global economy sinks deeper into an apparently abysmal financial quagmire. And it is very likely that the
next major news of job cuts will come from Sony
; it had announced last month that it was going to hand pink slips to 16,000 employees.
Sources within Sony told the Times of London that Sony’s Japanese operations will bear the brunt of the radical changes. The changes might take effect after the upcoming Consumer Electronics Show in the profligate city of Las Vegas. But analysts, especially who have been calling for an overhaul for a long time now, fear that the changes might just be too late in the day.
They want Sony’s boss Howard Stringer to enjoy greater power, if the company is to extricate itself from its old ways. The road ahead is pocked with impediments for the company as it will also have to outmaneuver the global financial crisis.
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