Sony Details Turnaround Plan

May 21st, 2009 - Wall Street Journal

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TOKYO - Sony Corp., expecting another year of huge losses, said Thursday it plans to halve the number of global suppliers over the next two years in a move to save at least ¥500 billion ($5.3 billion) in purchasing costs this fiscal year.

Major Japanese electronics makers such as Sony, the maker of Bravia-branded televisions and PlayStation game devices, and rival Panasonic Corp. are engaged in sweeping restructuring that focuses on cutting costs in ...

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