to join the CVG community. Not a member yet? Join now!
CVG
News

Sony announces sale of VAIO PC business

Plus restructure of TV business to result in loss of around 5,000 jobs

Sony has announced the sale of its loss-making PC business - including its famous VAIO brand - to investment firm Japan Industrial Partners.

The sale - estimated at around 50bn yen (£300m) by Nikkei Business Daily - will allow Sony to concentrate on its smartphone and tablet products, the firm said, and ramp up production of both 4K and 2K televisions.

Zoom

Sony and JIP will now proceed with due diligence and are targeting negotiations to conclude by March 2014.

Sony will cease planning, design and development of PC products. Manufacturing and sales will also be discontinued after the global release of Sony's spring 2014 lineup, it said.

Sony customers will continue to receive aftercare customer services.

Approximately 250 to 300 employees involved in PC operations, including planning, design, development, manufacturing and sales, are expected to be hired by the new company established by JIP, it's claimed.

However, combined with the restructure of Sony's TV business, which will see the department split out and operate as a wholly-owned subsidiary by July 2014, the changes will result in approximately 5,000 redundancies (1,500 in Japan, 3,500 overseas), the firm said.

Comments