Rediffusion
Japan's Sony Corp is to cut 10,000 jobs or 6 per cent of its workforce having been in the red for some four years. A strong yen, competition from giants like Apple and Korea's Samsung played a big part too. TV makers have been exceptionally hard hit with Sony, Panasonic and Sharp expecting to have lost a combined $17 billion in the fiscal year just ended. I am sure many of you will remember the Sony Trinitron Television sets of the time. It was down to this genius Akio Morita who founded Sony. Among other things, they gave us the Walkman. Pure genius, long before Sim Wong Hoo gave us the Nomad Jukebox, the Zen or Apple's iPod. Today, most unfortunately, Sony has to tell 10,000 people to walk, man. How the times have changed. Why is it that the world has never been able to avoid wastage and trouble by over-producing, over-consuming and then the sudden cut-back resulting in job losses? Depending if you have protection or the goodwill of the company, s...