“As far as India is concerned, Sony is witnessing a healthy growth rate and there is no realignment of manpower in the near future. In fact, we are continuously increasing our manpower to match the growing business requirement of Sony in India,” the company said in a statement.

According to reports, the parent Sony Corporation plans to reduce its workforce by an estimated 10,000 jobs, or about 6 per cent of its global headcount, as part of its restructuring plan.

The speculation comes on the heels of Sony Corporation announcing its annual loss forecast in February this year. The company had blamed a stronger yen and cuts in production caused by last year's Thailand floods, as also the cost of exiting a display-panel venture with Samsung Electronics Co. for widening its forecast to 220 billion yen ($2.9 billion) from 90 billion yen in November.

The consolidated head count of Sony is 168,200 as of March 31, 2011.

>heena.k@thehindu.co.in

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