Sony to shut down factories and cut 8,000 jobs

The Japanese electronics giant said the cuts were intended to save Y100bn ($1.1bn) from costs in the fiscal year to March 2010.

The 8,000 job losses are about 5 per cent of the 160,000 employees in Sony's electronics division and a similar number of part-time workers will go as well.

One of the plant closures will be in France, but Sony would not name the other sites to be affected.

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