arabtoday
Last Updated : GMT 22:26:10
Arab Today, arab today
Arab Today, arab today

Sony expects to trim EMI staff 60 percent

Arab Today, arab today

Arab Today, arab today Sony expects to trim EMI staff 60 percent

Tokyo - UPI

Japanese electronics company Sony said it will furlough 60 percent of the staff at EMI Music Publishing if the deal passes regulatory scrutiny. The European Commission is reviewing the $2.2 billion deal that will decide the fate of 1.3 million song titles that EMI owns. The New York Times reported Wednesday that a review of a report given to investors revealed Sony\'s plans to cut 60 percent of EMI\'s staff to save $70 million in operating costs per year. The note also said Sony plus EMI would create a firm that controlled 31 percent of the music publishing business, the Times said. Both the European Commission and the U.S. Federal Trade Commission are looking over the deal. In addition, they are investigating Citigroup\'s proposed $1.9 billion deal to sell EMI\'s record labels to Universal Music Group. Sony would not comment on the report given to investors and obtained by the Times. The note said 152 people would be furloughed in the first year and 174 would be shifted to temporary work. EMI currently has a workforce of 515, the newspaper said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sony expects to trim emi staff 60 percent Arab Today, arab today sony expects to trim emi staff 60 percent

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Ajman Tourism launches time capsule

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today US-led coalition admits 54 deaths

GMT 08:47 2016 Friday ,02 December

US-led coalition admits 54 deaths
Arab Today, arab today French satire mag hits Germany

GMT 09:52 2016 Thursday ,01 December

French satire mag hits Germany

GMT 21:07 2016 Thursday ,01 December

Chinese Steel Giant Established Following Key Merger

GMT 17:01 2016 Wednesday ,30 November

Rotana to manage, operate Cayan Cantara Project in Dubai

GMT 16:26 2016 Wednesday ,30 November

Uber defends business model

GMT 15:31 2016 Wednesday ,30 November

PIF buys 50% stake in Gulf food giant Americana
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today Punk memorabilia torched

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today To find German funny bone

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 08:49 2016 Monday ,28 November

Israeli Arab rapper's music provokes

GMT 11:55 2016 Monday ,21 November

Amal Al-Qubaisi attends reception

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 09:35 2016 Saturday ,19 November

Hyperloop One settles co-founder

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday