That represents 13 per cent of its global workforce, and the first 7,000 jobs to go will be in Japan. No further details were given about where the other cuts will be made.
The cost of the restructuring is now put at 335 billion yen (AU$4.4 billion) -- 10 percent higher than previous predictions. Sony said the changes will help secure a consolidated operating profit margin of at least 10 percent by the end of 2006.
Sony has battled against sliding profits after posting a shock loss for the first three months of this fiscal year because of poor sales of the PlayStation 2 and its Trinitron TV sets.
Sony's consumer-electronics arm has suffered the most, largely because of the falling demand for traditional TV sets. It is now pitching its hopes on flat-screen sets, where demand is predicted to rise to 32 million units in 2007, and announced a joint-venture deal with South Korean rival Samsung.
Sony also said its financial-services division will be split off into a separate company in 2004, with the possibility of it being floated.
