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Sony Job Cuts: Trepidation For UK Workforce
10.52.09am GMT Tue 28th Oct 2003
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Malcolm Bruce MP, Liberal Democrat Shadow DTI Secretary
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Commenting on reports that Sony, the Japanese electronics company, is planning 20,000 job cuts worldwide over the next 3 years, Malcolm Bruce MP, Liberal Democrat Shadow DTI Secretary, said: "Sony's UK work force of 4,500 will be greeting this news with great trepidation. The sooner Sony can supply regional breakdowns of their restructuring plans, the better."
"In fast moving, high tech markets there is high price to pay for the mistakes and missed opportunities that lead to observers judging Sony's product lineup 'stale'. Unfortunately it is the workforce that finishes up paying."
"Given the shock nature of these announcements it reinforces the need for greater consultation with the workforce about market decisions and in the management of restructuring."
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