Home
Tv
Tv News
Sharp considering cutting 5,000 jobs worldwide source

Sharp considering cutting 5,000 jobs worldwide - source

By Reuters | Updated: 2 August 2012 09:30 IST

Click Here to Add Gadgets360 As A Trusted Source

Japan's Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 percent of its consolidated workforce, a source close to the matter said on Thursday.

The job cuts will be sought through early retirement and will also include reductions resulting from a plan to hive off ownership of its underused Sakai LCD factory in western Japan to Taiwan's Hon Hai Precision Industry, the source said.

The maker of Aquos TVs posted a record net loss in the year ended March 31 on a plunge in demand for its TVs that left it saddled with a glut of LCD panels.

Lcd Discussion

Explore More...

Demand for its TVs and solar panels remains weak, and a $198 million settlement in a U.S. LCD cartel case will further weigh on its April-June earnings results due at 3 p.m. (0600 GMT).

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: LCD, LCD TV's, Sharp

Zynga shakes up top management

Twitter Games abuzz with Phelp's victory

Sharp considering cutting 5,000 jobs worldwide - source

Related Stories