Sony to close Indonesian plant; cuts 1,000 jobs

Nov. 26, 2002 – Tokyo, Japan – Sony Corp is set to close an audio equipment plant in Indonesia by March, cutting around 1,000 jobs as part of a reorganization of its international audio equipment production worldwide.

Sony spokesman Gerald Cavanagh said the move was also partially aimed at raising efficiencies to respond to tough competition from China, reported Reuters.
“The overall consumer electronics market is very competitive at the moment … so certainly under those very competitive conditions we’ve had to take another look at how we organize audio production,” Cavanagh said.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.