The job losses announced by Sony Corp's electronic division are not just temporary worker jobs. As part of their restructuring, Sony is eliminating 16,000 jobs worldwide -- 8,000 regular jobs -- and then, 8,000 temporary workers.
Surprisingly, Sony is laying off the regular workers first ...quite a shift for a Japanese company. This cut represents 5 percent of the 160,000 worldwide workforce.
As long as the yen remains strong, Sony, and other export reliant businesses, will keep hurting. Temporary workers will allow Sony to be flexible, which is a smart move. Overall, however, this will have a huge negative effect on consumer confidence as the Japanese become excessively concerned about the safety of their jobs.
http://www.yomiuri.co.jp/dy/business/20081210TDY01304.htm
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