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Sony Will Cut 8,000 Positions
Sony Corp. is slashing 4 percent of its worldwide work force, reining in spending and shutting plants as it tries to ride out a looming worldwide recession that is battering Japan's export-reliant manufacturers. ...more
December 10, 2008
Business Highlights
Economy Jolts Into Decline; Bad Recession Seen WASHINGTON (AP) - The government reported Thursday that the economy shrank in the summer, sending the strongest signal yet that a recession may have already begun. ...more
November 2, 2008
Siemens Slashing 16,750 Global Jobs In Economic Move
Industrial conglomerate Siemens AG said Tuesday that it will cut 16,750 jobs, or 4.2 percent of its global work force, to streamline operations and slice nearly $2 billion in costs in the face of a slowing economy. ...more
July 9, 2008
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