Sony to close Tokyo tech center to trim costs
Sony Corp plans to shut operations in a Tokyo office building that houses 8 percent of its Japan staff, one of the first concrete moves by the electronics and entertainment company to pave the way for 4,000 job cuts.
The move, part of a still-unfolding restructuring under Chief Executive Kazuo Hirai, had not been previously disclosed. Sony will shut down the Shinagawa Technology Center, a 31-storey building it has occupied since it was built in 1998, a company spokesman told Reuters. The 4,800 staff in the center will be relocated. The move, expected to be completed by September, is intended to cut costs and make it easier for Sony to move ahead with a realignment of its business and a retreat from its money-losing TV manufacturing operations, the spokesman said. Sony plans to reduce its global workforce by 10,000 people by March 31, including almost 4,000 in Japan.