Sony Corp., the company that brought us the Walkman and parent company of music label Sony Music Entertainment, plans to shut down a CD-manufacturing plant in southern New Jersey in March.
About 300 employees will be laid off once the 50-year-old Sony DADC plant in Pitman, N.J., is closed. Sony said it plans to shift CD-making operations to a facility in Indiana. The company moved DVD manufacturing from the plant about a year ago.
Lisa Gephardt, a Sony spokeswoman said in a statement: "In light of the current economic environment and challenges facing the physical media industry, Sony … Read more