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Stringer battles Sony 'old guard'

Tensions are rising within Sony over a restructuring aimed at cutting billions of yen from costs, with Sir Howard Stringer, its British-born chairman and chief executive, pitted against what one senior figure called an "old guard" of managers in its electronics division.

News of the clash comes as the Japanese consumer electronics group prepares to announce on Wednesday or Thursday, the details of a restructuring that was announced in December, including where job cuts will fall.

Managers in the company have told the Financial Times that Sir Howard's plans to cut 16,000 full-time and part-time jobs and restructure the company have met resistance from executives in its traditional manufacturing business.

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Captain Tuttle3168d ago

You're going to need it. I hope he succeeds.

Lifendz3167d ago

so whether this is a good or bad decision is something I'll determine after having time to view the results. Just sucks that so many people are losing their jobs.

Darkseider3168d ago

"Managers in the company have told the Financial Times that Sir Howard's plans to cut 16,000 full-time and part-time jobs and restructure the company have met resistance from executives in its traditional manufacturing business."

The "Traditional manufacturing business" part especially. I see a lot of the cuts and layoffs happening in the T.V., Cell Phone and portable devices departments. The other thing that leads me to believe this is the "Old Guard" figurative in the article. Looks like Sir Howard is looking at the less profitable once core business components of Sony. I could be wrong but the article does offer up some very subtle information. Good luck to those that get the axe, these are tough times and hope they can get back on their feet quickly. Good luck to Sir Howard as well and hoping he is able to turn Sony around and get them back in black.

Captain Tuttle3167d ago

Luckily for the people getting laid off (mostly in Japan and Europe so far) those regions have very good social safety nets.

Droid Control3167d ago

16,000 jobs!?

Holy sh!t sony must be in more trouble than we thought...

Lets hope Kaz is one of those 16,000...