Home / Retail / Sony Ericsson posts 1Q09 loss, sheds jobs
Handset maker ?358m in the red, cuts 2,000 jobs to save ?400m

Sony Ericsson posts 1Q09 loss, sheds jobs

Sony Ericsson this morning confirmed a massive pre-tax loss for the first quarter of 2009, albeit in line with earlier forecasts, and swiftly embarked on a €400m cost savings drive that will see 2,000 more jobs go this year.

The news comes a day after rival Nokia posted a 90 per cent slump in profits for the same period.

Specifically, Sony Ericsson has posted a pre-tax loss of €358 million for the first three months of this year, with revenue down 55 per cent year-on-year at €1.74 billion.

PC Retail’s sister site, Mobile Entertainment has the full story. To continue reading, click here.

Check Also

Dealer Discussion: How can indies maximise their exposure?

What’s the best way for independent retailers and service providers to get their name out …