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December 09, 2008

News : Sony to axe 8,000 jobs




Electronics giant Sony became the latest firm to restructure in the wake of global recession Tuesday, planning to cut 8,000 jobs as well as investment.

The job cuts, the most by an Asian firm so far in the financial crisis, and reduced spending intend to shave $1.1 billion in costs, trimming Sony's 186,000 global work by about 4 percent.

Dan Sloan reports.

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