With the economy in a slump, well-placed “company sources”  at Times reckon that Sony is planning to further its restructuring plans later this year, possibly as soon as next month. Said sources say we could see the closure of several Japanese factories, in addition to “major divisions.”

Analysts, such as Koya Tabata of Credit Suisse, believe that Sony is dire need of a business model restructuring. However, Sony is calling denial on the report right now, with company spokesman Atsuo Omagari claiming that no such plan is in place.

The Times piece did not elaborate as to which divisions are in danger of being axed. Guess we’ll have to wait this one out and hope for the best, that none of these cuts will end up affecting the PlayStation division.

Sony on brink of upheaval as analysts back British chief [Times via Reuters]

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