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Sony Expects $3 Billion Loss for Year

Discussion in 'Economics and Financials' started by njfinfan, Jan 22, 2009.

  1. njfinfan

    njfinfan The First Lady

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    Nov 23, 2007
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    http://www.nytimes.com/2009/01/23/technology/23sony.html?hp

    Sony, the Japanese electronics company, said Thursday that it expected to post a record annual operating loss of nearly $3 billion because of the rapid deterioration of the global economy. It also announced a major restructuring that will include layoffs and factory closings.
     

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