Sony will close one of its two television factories in Japan.

Company Sony intends to close one of its two television factories in Japan, reported AFP. Sony also plans to cut more than two thousand jobs.
Previously, Sony announced a reduction of 16 thousand employees. In addition, the company intends to reduce investment and close several factories across the globe.
Staff cuts and plant closures are part of a plan to restructure the company. As a result, Sony plans to save 1.1 billion dollars a year.
It should be noted that in 2008, Sony has suffered the first loss in 14 years. According to the company, in 2008 the losses Sony will be 2.9 billion dollars.