Sony Ericsson to cut 2,000 jobs worldwide

Mobile phone giant Sony Ericsson today said it would axe 2,000 jobs worldwide as it crashed to losses of €358min the first three months of 2009.

The company is coping with a slump in demand and the cuts will come under a €400m cost-saving programme.

The latest move comes on top of another recent round of 2,000 job losses as the firm looks to save money.

Sony Ericsson refused to say where the latest cuts would fall.

Sony Ericsson president Dick Komiyama said: “The first quarter of this year has been extremely challenging for Sony Ericsson due to continued weak global demand.

“We are aligning our business to the new market reality with the aim of bringing the company back to profitability as quickly as possible.”