Monday, September 29, 2008

Sony Ericsson to lay off 450 employees Research Triangle Park, NC

Not good times at Sony Ericsson.

Sony Ericsson will lay off 450 workers from its Research Triangle Park location, the headquarters of the company’s North American operations.

Workers were told of the news Monday morning in a mandatory all-staff meeting at the Sheraton Imperial Hotel in Durham.

Aldo Ligouri, Sony Ericsson’s head of global communications and public relations, confirmed the layoffs. Ligouri says the RTP cuts are part of company-wide changes that Sony Ericsson announced in July. At that time, the company said it would lay off 2,000 workers worldwide to adjust to tough market conditions.

“This is our map of how we see things moving forward,” Ligouri said.

The company has about 750 workers in RTP, which serves as a key Sony Ericsson R&D hub. The handset maker, a joint venture between Japan’s Sony (NYSE: SNE) and Sweden’s Ericsson (Nasdaq: ERIC), has struggled in recent quarters. Waning demand for its high-end phones and product delays brought down profit to 6 million euros in the second quarter, down from 220 million euros a year earlier.

Sales also slumped in that quarter, to 2.82 billion euros, from 3.11 billion euros in the second quarter of 2007.


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