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.

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

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Further reading: LCD, LCD TV's, Sharp