Sony, which has been restructuring its business after years of losses, still expects a net loss of 50bn yen for the financial year through March 2015.
The drop-offs were: Falconbridge, which has been bought out by its majority shareholder, Swiss-based Xstrata plc; Inco, which has been acquired by Companhia Vale do Rio Doce ; media company Quebecor, which has been restructuring; and utility TransAlta.
The boxing has been restructured.
| Updated This piece has been restructured but not rewritten.
We have not yet acknowledged that it has been restructured, but it has been restructured.
Philips, which suffered heavy losses last year, has been restructuring.
MFI, which also has a business in France, has been restructuring to bolster its performance; product lines have been ditched, jobs cut and warehouses closed.
As a result, fees are already falling, perhaps by as much as 15% since last summer.Still, with 3.3m unemployed workers, of which 1m have been "restructured" out of a job, there is room for growth in an industry that now caters to under 50,000 job-hunters, says Manabu Yorozu of Hu-Management Japan, the second-largest outplacement agency.
But the way in which social relations have been restructured along market lines has arguably been just as important – for most people, the market is natural in a sense, as it forms the bedrock of their daily experience.
