Sega will post losses, jobs to go

Computer game maker Sega expects to post a loss of 45 billion yen, or £230m, for the fiscal year ended March 31. The company which has been eclipsed by Sony in the console market plans to shed 1,000 jobs -- about a quarter of its work force.

The company, which also makes arcade games, said Wednesday it will slash fixed costs by 30 percent, and close 101 amusement facilities in Japan as part of a restructuring aimed at shoring up profitability.