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Sharp may cut 5,000 jobs worldwide

Reuters
Aug 02, 2012 at 08:31am IST

Tokyo: Japan's Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 per cent 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.

Sharp may cut 5,000 jobs worldwide

Japan's Sharp Corp is considering cutting just under 10 per cent of its consolidated workforce.

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