Sony's Latest Money Making Idea: Demanding Bonuses Back From its Bosses

By Gary Cutlack on at

Sony is expected to launch a wide restructuring plan this week, designed to help turn the company around under the management of new boss Kaz Hirai. To aid recovery from its latest poor financial figures, it's believed to be asking its bosses to return bonuses earned during the last, awful, financial period.

As well as asking for seven execs (including former CEO Sir Howard Stringer) to repay their bonuses, Japan's Nikkei newspaper reports that the company is believed to be planning 10,000 job cuts across some of its manufacturing businesses, as it struggles to remain relevant in the electronics world amid aggressive growth from Samsung, Apple and, well, everyone else. [Reuters]