Sony cutting suppliers by half to save $5.3 billion

In a move undoubtedly aimed at preventing any further losses, Sony corp. plans to cut its manufacturing suppliers by more than half. MCVUK reports the company will be whittling down its 2,500-strong suppliers list to just 1,200 by or before 2011. The restructuring will cut costs by around ¥500 billion ($5.3 billion).

While this is a big change for the company as a whole, it's uncertain how Sony's Computer Entertainment division will be affected. In what ways could this whole business of slimming down impact SCEA, or the PS3 for that matter?

Sony cutting suppliers by half to save $5.3 billion originally appeared on Joystiq Playstation on Thu, 21 May 2009 20:15:00 EST. Please see our terms for use of feeds.