headquarters in Research Triangle Park in North Carolina, where Sony Ericsson cut 450 of 750 workers last fall.
The mobile phone manufacturer officials did not immediately respond to a phone call seeking comment on how the new round of cuts would affect RTP.
Sony Ericsson saw its first quarter sales fall 35 percent, to 14.5 million units, from the same period a year ago. Sales totaled $2.25 billion, down 36 percent from the first quarter of 2008.
As a result of the losses, the company announced it would look to cut its operating expenses by $520 million and reduce its total work force by 2,000 people. Those cuts should be completed by mid-2010.
The latest round of cuts come nine months after Sony-Ericsson announced plans to shave $300 million in a round of cuts that dropped the ax on 2,000 jobs. Those cuts have already been completed.
“We are aligning our business to the new market reality with the aim of bringing the company back to profitability as quickly as possible,” company president Dick Komiyama said in a statement.
The company has continued to struggle in the cell-phone market. Sony-Ericsson estimated its market share fell about 2 percentage points to 6 percent overall.
The company also expects global cell-phone sales to fall about 10 percent from 2008, when almost 1.2 billion units were sold.
The handset maker is a joint venture between Japan’s Sony (NYSE: SNE) and Sweden’s Ericsson (Nasdaq: ERIC).
Source: http://www.bizjournals.com/dayton/stories/2009/04/13/daily113.html
The mobile phone manufacturer officials did not immediately respond to a phone call seeking comment on how the new round of cuts would affect RTP.
Sony Ericsson saw its first quarter sales fall 35 percent, to 14.5 million units, from the same period a year ago. Sales totaled $2.25 billion, down 36 percent from the first quarter of 2008.
As a result of the losses, the company announced it would look to cut its operating expenses by $520 million and reduce its total work force by 2,000 people. Those cuts should be completed by mid-2010.
The latest round of cuts come nine months after Sony-Ericsson announced plans to shave $300 million in a round of cuts that dropped the ax on 2,000 jobs. Those cuts have already been completed.
“We are aligning our business to the new market reality with the aim of bringing the company back to profitability as quickly as possible,” company president Dick Komiyama said in a statement.
The company has continued to struggle in the cell-phone market. Sony-Ericsson estimated its market share fell about 2 percentage points to 6 percent overall.
The company also expects global cell-phone sales to fall about 10 percent from 2008, when almost 1.2 billion units were sold.
The handset maker is a joint venture between Japan’s Sony (NYSE: SNE) and Sweden’s Ericsson (Nasdaq: ERIC).
Source: http://www.bizjournals.com/dayton/stories/2009/04/13/daily113.html
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