Sony's cellphone division is cutting 1,000 jobs, or 15 per cent of its global workforce, mostly in Sweden over the next two fiscal years through March 2014. Sony Mobile Communications said the job cuts are an effort to reduce costs and boost profits. The job reductions are part of Sony Corp.'s already announced plan to reduce 10,000 jobs, or six per cent of its global workforce, by March 2013. The Japanese electronics and entertainment firm posted record losses for the latest fiscal year, battered by competition from Samsung and Apple. Taking control over its mobile business, formerly a joint venture with LM Ericsson, is a key part of Sony's turnaround.
