Sharp considering cutting 5,000 jobs worldwide - source

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

Advertisement

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).

Copyright Thomson Reuters 2012

 

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
Advertisement

Related Stories

Popular Mobile Brands
  1. Lava Bold N4 Lite Launched in India With Android 16 Go, 5,000mAh Battery
  2. These Are the Best One-Time Investment Laser Printers in India
  3. Poco X8 Teased to Launch in India Soon; to Be Sold via Flipkart
  4. GTA 6: An Extended Look Debuts on Netflix Today: How to Watch, What to Expect
  5. Realme C100i With a 6,500mAh Battery Debuts in India at This Price
  6. OnePlus 16 Display Tipped to Offer Ultra-Thin Four-Sided Bezels
  7. Vivo Y31T 5G With a 7,200mAh Battery Debuts in India: See Prices, Specs
  1. Boat Crest AI Announced, Brings Gemini-Powered Voice Features to Upcoming Smart Audio Devices
  2. BGMI Redeem Codes for August 27: How to Claim Mystic Artificer Backpack and Other Free Rewards
  3. Poco X8 Teased to Launch in India Soon; to Be Sold via Flipkart
  4. Vivo Y31T 5G Launched in India With 7,200mAh Battery, 50-Megapixel Rear Camera: Price, Specifications
  5. Sony WH-CH730N Listings Reveal Key Details Ahead of Reported October 15 Launch
  6. Bitcoin Holds Near $79,000 Despite US Inflation Pressure; Jackson Hole in Focus
  7. Three Colours for Apple’s iPhone Ultra? A New Leak Says Yes, Gurman Says No
  8. Grand Theft Auto 6: An Extended Look Premieres on Netflix Today: How to Watch, What to Expect
  9. Realme P4 Power, P4x, P4R and P4 Lite Prices Hiked in India by Up to Rs. 3,000
  10. Xiaomi 18 Fold Images Leaked Ahead of Launch; Shows Wide Foldable Design in New Colour
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.