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Thursday, 2 August 2012 - Sharp considering cutting 5,000 jobs worldwide: source |
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See the best of Reuters photography.  See more | Photo caption  London Olympics Highlights from day five of the Olympics.  Slideshow  Solar India Life in a remote Indian village used to grind to a standstill as darkness descended. The arrival of solar power last year changed all that.   Slideshow  Sharp considering cutting 5,000 jobs worldwide: source Tweet Share this Email Print A man is reflected on Sharp's logo on its fridge at an electronic shop in Tokyo October 29, 2009. Credit: Reuters/Kim Kyung-Hoon Related News Sharp to cut thousands of jobs: Nikkei Mon, Jul 23 2012 REFILE-UPDATE 2-Sharp to cut thousands of jobs -Nikkei Mon, Jul 23 2012 For Asia's tech giants, clouds before the windows Mon, Jul 23 2012 Related Topics Tech » Japan » TOKYO | Wed Aug 1, 2012 9:03pm EDT TOKYO (Reuters) - 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). (Reporting by Reiji Murai, Writing by Mayumi Negishi; Editing by Chang-Ran Kim) Tech Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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