Sony Layoffs Job Cut: layoff 320 France employees

It's the Japanese Electonic giant calle dSony Corporation which has decided to go for a layoffs in France. This bad news for the Sony employees came on Friday when the company officially declared that it has decided to shut down the factory and go for a jobcut.


Sony has decided to close down its factory which is making making videotapes in France

The primary reason for closing down this factory is due to declining global demands of video tapes. WIth the advent of digital media, who would like to carry on with the traditional videotapes.

The fate of the factory's 320 workers remained unclear, but Sony spokesman Shusuke Kanai has said the company was doing its utmost to help them after the closure.

"Global demand for videotapes has been declining as people are switching from videotapes to discs," Kanai said. Sony aims to close the factory, located south of Bordeaux, by the end of March next year.

Sony makes about 80% of its sales overseas. The Japanese electronics giant has slashed its full-year earnings projection due to weak consumer demand and a stronger yen. For the fiscal year through March 2009, Sony is expecting a 150 billion yen ($1.6 billion) profit, down 59% from the previous year.

Let's hope that alternative jobs are available to the affected employees of Sony Layoffs Job Cut.

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Sony Layoffs Job Cut: fires 16000 employees

One of the big electronics companies of the world, Sony is learnt to go for a round of massive layoffs or job cuts. Since the entire global markets and businesses are suffering from the downturn, this company also seeems to be affected and affected in a big way to cut more than 16000 jobs. Just few days back, we had reported about Sony Ericsson Lay off Job Cut Firing 450 employees, then there were Sony job cuts recently in France. Now the list is going multi-folds.

How many employees will be fired in Sony Layoffs Job Cut?
Around 16,000 employees will be laid off in Sony Layoffs.

Which segment of employees will be affected in the Sony Layoffs Job Cut?
Around 16,000 permanent and part-time jobs from its worldwide electronics division will be cut.

Which locations will see the Sony Layoffs Job Cut?
The layoffs by Sony will be worldwide and all regions across the globe are expected to be affected.

How is Sony going to cope up with the economic problems?
SOny's layoffs are the first step to cut back on cost and make some efficient savings. Then it is learnt that it will raise prices for its gadgets in the face of dwindling consumer spending.
Then there will be massive restructuring, which will see a lot of ups and downs. Many units will be shut down which are learnt to be unprofitable loss-making and not in the core of Sony business.

Any specific divisions which will be affected by Sony Layoffs Job Cut?
The video games and movie businesses are the ones that are on radar. The move will not affect its flagship Playstation3 games console, but will push up prices of Blu Ray disc players and batter the competitiveness of core Sony products at a critical time.

When will the Sony Layoffs Job Cut happen?
It will be a bad new year for many employees as the job cuts are expected to happen in early Next Year.

Let's hope that alternative jobs are available to the affected employees of Sony Layoffs Job Cut.

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Sony Ericsson Lay off Job Cut: Sony Ericsson Fires 450 employees

Apart from the other secotrs, the layoffs are going to hit the mobile and telecom sectors as well. Sony Ericsson has decided to go for lay off with 450 employees being fired from their jobs at Sony Ericsson .
The location where the Sony Ericsson lay off or job cut will happen is its Research Triangle Park location, the headquarters of the company’s North American operations.

Aldo Ligouri, Sony Ericsson’s head of global communications and public relations has confirmed the layoffs in the news.
The credit for layoffs is being given to company-wide changes that Sony Ericsson announced in July. At that time, the company said it would lay off 2,000 workers worldwide to adjust to tough market conditions.

There are around 750 workers in RTP, which serves as a key Sony Ericsson R&D hub. The handset maker, a joint venture between Japan’s Sony and Sweden’s Ericsson, has struggled in recent quarters. Waning demand for its high-end phones and product delays brought down profit to 6 million euros in the second quarter, down from 220 million euros a year earlier.

Sales also slumped in that quarter, to 2.82 billion euros, from 3.11 billion euros in the second quarter of 2007.




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United Airlines Lay off Job Cut: United Airlines Fires 414 employees

The turmoil is spreading its wings to all the sectors it seems. United Airlines has recently informed that it is set to go for a major layoff, the second round of United Airlines layoff job cut. The United Airlines has told the mechanics union at San Francisco International Airport that it will lay off as many as 414 workers beginning December 7, 2008. The United Airlines Lay off is being said to be a part of its efforts to go for cost cutting measures.

In the United Airlines Lay off workers will be asked to leave as a second round of layoffs announced this year. The first round ended Friday, during which time 137 workers were asked to leave.

As per the news, United Airlines said in a statement released Tuesday: "As we reduce the size of our fleet and take actions companywide to enable United to compete in this challenging economic environment, we must take the difficult but necessary step to reduce the number of people we have to run our business."

How will the employees of United Airlines be asked to leave after the United Airlines Lay off Job Cut?
A seniority system is in place and the United workers with the least time of service are the first to be laid off. Many of the workers had been assigned the Boeing 737, but United is grounding the older fleet and so that work is going away. They also need to honour the state law that 60 days' notice be given of layoffs, United said in a letter to an official of the California Employment Development Department dated Sept. 29 that 414 employees at the maintenance facility will be laid off Dec. 7 or within two weeks beginning that date. The letter, obtained by The Chronicle, said United cannot predict whether these layoffs will be temporary or permanent.




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EBay Lay off Job Cut: EBay Fires 1000 employees

The information technology or the tech domain is always vulnerable to the fallout in other sectors. Seems like the turmoil in the financial markets have taken a toll in Technology sector as well. It is reported that Online Auction site EBay has decided to lay off around 1000 workers.

This Ebay Job cut of around 1000 employees, is equvivalent to 10% reduction in the workforce. At the same time, it is reported that the EBay is going to make 3 acquisitions of an online payment business and online classified sites. Hence, it appears that the cost saved by the reduction in workforce is being used to purchase 3 additional companies, to boost the technology.

As per the news it is reported that the EBay layoff, which affects 1,000 jobs, "will help improve our operations and strengthen our ability to continue investing in growth," John Donahue, eBay Inc.'s president and CEO, told Wired.com.

Meanwhile, Donahue said Bill Me Later was acquired for $820 million to work in conjunction with eBay's payment service Pay Pal. The acquisition of Danish sites dba.dk and bilbasen.dk for $390 million will expand eBay's market in Europe.





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Ford Lay off - Ford Fires 792 in USA & 204 in Germany

There comes another bad news for the employees in the automobile sector. The Automobile giant Ford has decided to go for a layoff. Ford Layoffs or Ford Job Cuts will happen both in Home Country of Germany as well as in USA.

As per the news, Ford Motor Company's Germany unit reported that curtail some production and lay off 204 part-time workers at its Saarlouis plant in western Germany in light of the current financial turmoil. There are around 6,500 people working at the Saarlouis plant, where Ford produces the Focus, C-Max and Cougar models. No information is available about how much overall production will be cut and how many cars will be produced after the production cut.

There will be no effect on the Cologne plant in the northwest Germany & it will continue production without changes.

And that's not all. The Ford lay offs or Ford Job Cuts are not limited to Germany, but also USA is getting affected. There will be a Ford lay offs or Ford Job Cuts at the Ford Motor Co.'s assembly plant on Chicago's South Side. A total of 792 employees of Ford will be fired, according to a "mass-layoff" filing the auto maker made with Illinois authorities.

Ford announced in early September that it planned to eliminate one of two shifts it operates at the 2,200-worker plant, which is located at 130th Street and Torrence Ave.

At the time, the company said it expected about 600 part-time workers to lose their jobs in connection with the dropped shift, but couldn't be specific about how many additional jobs might be lost.

In a regularly published state report on companies that plan to reduce staffing which came out this week, however, Ford lists a total of 792 jobs that will be cut when the shift ends Nov. 3





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