Sony sheds 300 factory jobs
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Sony blames the trend towards flat screen televisions for the loss of 300 jobs in south Wales.
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Sony said Monday that it now had six production lines in operation producing the company's 50GB Blu-ray disc. Production will be ramped up to 60,000 discs per day, the company said.
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Photographic equipment manufacturer Kodak said it was axing 600 jobs in the UK and closing a factory in Nottingham. The group plans to shut its photo film finishing plant at Annesley with the loss of 350 jobs.
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Engineering firm Rolls-Royce says its plans to cut up to 2,300 jobs to reduce costs and improve efficiency.
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Reports operating loss of $1.91bn Sony has confirmed it intends to cut jobs at its Computer Entertainment Unit in the US, just two months after it announced plans to slash eight per cent of its European workforce.â¦
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Sony Corp said Thursday that it had agreed to sell its production facilities for the powerful computer chip at the heart of its struggling PlayStation 3 game console to rival Toshiba Corp.
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Electrolux AB, the world's biggest maker of household appliances, said Wednesday it will close a manufacturing plant in France, eliminating 240 jobs.
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Boston Scientific Corp. , facing flagging sales for its two key product lines, said late yesterday it will eliminate 2,300 jobs, or 8 percent of its worldwide workforce, restructure parts of its business, and go forward with plans to shed some less-critical assets.
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Sony Corp (6758.T) said on Thursday it  would stop shipments of PlayStation 3 models with 20- and  60-gigabyte (GB) hard disk drives in Japan this month, focusing  instead on the 40-GB model.
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Sony Corp  will sell its  production facilities for making key microchips used in its  PlayStation 3 game console to Toshiba Corp , pulling  back from the heavy investment needed.
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Sony Corp. said Thursday that it will stop selling the two original PlayStation 3 models in Japan and focus on the new slimmed down version amid fierce competition from rival Nintendo Co.
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Finland's Nokia, the top global mobile phone manufacturer, said Tuesday that it planned to close a factory in Germany by mid-year which employs 2,300 workers.
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Company cutting 375 jobs to eliminate redundancies in wake of ATI acquisition.
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(InfoWorld) - Sony is planning to cut spending on development of semiconductors over the next few years, the company said Monday. The cut comes as Sony is reaching the end of a three-year restructuring plan through which it's been trying to reduce costs by Â¥200 billion ($1.6 billion) through a variety of layoffs, plant closures, and the ending of unprofitable businesses. The plan, which has the end of March 2008 as its target date, had succeeded in achieving savings of Â¥147 billion by the end of December 2006. Nine factories out of a total of 11 targeted for closure had been shut down and 10,500 people --Â 500 more than targetedÂ -- had left Sony's payroll. The exact amount by which semiconductor research spending will fall has not yet been decided, said Tomiyo Takizawa, a spokesman for the company in Tokyo. A report in the Tuesday evening edition of the Nihon Keizai Shimbun business daily said Sony will cut chip R&D spending by about Â¥200 billion. It will achieve this by outsourcing production of a future-generation version of the Cell microprocessor to another company, the newspaper said. Sony's Takizawa said such a decision hasn't yet been made. The Cell processor lies at the heart of the recently launched PlayStation 3 games console and Sony has plans to put it in a wide range of consumer electronics products. The current version is built on a 90-nanometer production process and Sony will shortly begin mass production of a second-generation model that is built on a 65-nanometer process. Each step in process technology results in a chip that is physically smaller and uses less power but the jumps also require invest in chip design and chip manufacturing technology. By choosing to outsource production of the future 45-nanometer version of the chip, Sony will achieve the desired savings, the newspaper said.
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Colgate-Palmolive today said it is cutting 4,400 jobs and closing a third of its 78 factories around the world. The group, which makes grooming and cleaning products including Colgate toothpaste and Ajax detergent
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Sony's three-year effort to beat Apple's iTunes Music Store is over.
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InfoWorld - Mobile phone maker Nokia will lay off 2,300 employees at a German plant and move production to lower-cost European sites, the company announced Tuesday.