Sony Doubles Loss Forecast to £4bn, Blames Tax

By Gary Cutlack on at

Weak demand for its Bravia televisions and a massive US tax write-off helped Sony to a record loss last year, with the electronic giant now estimating it'll post a final loss of around £4bn in the financial year that's just ended.

On top of this, we've already heard rumours of 10,000 job losses across the company's various divisions this week. New Sony CEO and former PlayStation head Kaz Hirai will be announcing a restructuring plan for the business later this week. That had better be one hell of an impressive PowerPoint presentation. [Reuters]