The global economic crisis appears to be continuing to hit Sony Ericsson hard as Sony Ericsson looks to shed a further 2,000 jobs. Sony Ericsson is expecting to spend around 200 million euros on redundancies. This all come son top of the 2,000 jobs previously shed by the company. Sony Ericsson has had a difficult time of late with a 35% fall in handset sales during the first quarter of the year. Q1 2008 saw sales of 2.7 billion euros, whereas the first quarter of 2009 saw a large decline with 1.74 billion euros worth of sales. This translates as a net loss of 293 million euros, a far cry from the 133 million euro profit they made in Q1 2008. Market share has also slipped, down two points to 6%. It’s not all bad news though, the initial 2,000 redundancies Sony Ericsson made cost the company 187 million euros, which was well under the projected 300 million euro cost.
Sony Ericsson Cutting Another 2,000 Jobs
April 20th, 2009 · Source [Mobile-Review] · No Comments
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