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Sony Ericsson To Cut 2,000 Jobs

Mobile phone maker Sony Ericsson says it will slash 2,000 jobs worldwide within the next 12 months to cut costs.

STOCKHOLM, Sweden (AP) -- Mobile phone maker Sony Ericsson says it will slash 2,000 jobs worldwide to cut costs.

Sony Ericsson spokeswoman Lisa Canning in London says the job cuts will be made within the next 12 months as part of a savings package.

Friday's announcement came as Sony Ericsson posted a 97 percent drop in second-quarter net profit and said it planned to cut operating costs by 300 million euros a year.

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