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Sony to shed 10,000 jobs as company re-vamps

12 April 2012 Last updated at 10:40 BST

The electronics group Sony has announced its biggest shake-up for a decade.

The group has confirmed it will axe 10,000 jobs.

The new Chief Executive Kazuo Hirai told a press conference he had "no other choice".

On Tuesday, the group warned it would make a record loss of $6.4bn for the year.

Julia Caesar reports.