Sony to cut 1,000 jobs in smartphone business: sources

Sony is said to be planning to cut an additiona 1,000 jobs on top of an earlier annoucement to cut 1,000 jobs in its mobile phone unit - Reuters Photo.

TOKYO: Sony Corp plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said on Wednesday.

Sony, which has cut its earnings forecasts six times on Hirai's watch, has forecast a 230 billion yen (US$1.95bil) net loss for the business year to March, suspending dividend payments for the first time amid weakness in smartphone sales.