Sony Ericsson market pre-tax loss and further 2000 jobs cut
So it seems Nokia is not the only handset maker to be hit by the global recession, it seems that Sony Ericsson is joining them, Sony Ericsson is to cut a further 2,000 jobs in the bid to save 400-million Euros of savings.
Sony Ericsson revealed that they had a pre-tax loss of 358-million Euros ($469m; Â£316m) in the first three months of this year, “The management intends to pursue an additional cost saving programme targeting a further annual operating expense reduction of 400m Euros, to be completed by mid-2010,” said Sony Ericsson president Dick Komiyama.
SE said that over the last 12 months there has been a falling of one euro to 120 Euros when it comes to the average selling price of its units. Sony Ericsson is the world’s top 4 mobile phone makers and to see them hit a slump is pretty serious stuff, they have shipped 14.5 million mobile phones during its first quarter which according to BBC is a decrease of 35% compared with the same period last year.
Calling all Sony Ericsson workers, please post your comments below if you have been affected or indeed if you have anything to say.