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Report: Sony to cut 10,000 Jobs Worldwide

Posted April 9th, 2012 at 10:05 am (UTC-5)
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A leading Japanese newspaper says Sony is preparing to slash 10,000 jobs worldwide, as the consumer electronics giant attempts to carry out structural reforms aimed at restoring the company to profit. That figure represents 6-percent of Sony’s workforce. The Nikkei business daily, quoting unnamed sources, said Monday that as many as 5,000 job cuts will […]

Tags: , , Posted in East Asia Pacific, Economy

Obama Signs Payroll Tax Cut Extension Bill

Posted February 23rd, 2012 at 7:15 am (UTC-5)
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U.S. President Barack Obama has signed a measure that extends a payroll tax cut for 160 million American workers through the rest of the year. The bill signed by Mr. Obama in the Oval Office Wednesday continues a 2 percent reduction in the tax on wages and salaries that funds the Social Security retirement program. […]

Tags: , , , , Posted in Economy, US

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