Sharp Considering Laying Off 3,000 Jobs

Posted on Jul 27 2012 - 6:06am by Editorial Staff

With as earlier rumors, The Japan Times confirming on this – citing sources – reporting that Sharp soon to be seen laying off its 3,000 jobs or around 15 percent of its total workforce, through early retirements and natural reductions. The company as by end-May has 21,000 people working under it, but now with the sudden changes, the company soon to be seen talking with labor union on the planned job cuts. The company faces a net loss of 100 billion yen (about $1.28 billion) for the April-June quarter, so such cut is natural. We are still waiting to hear official words from the company itself, and will update you as soon as we get the update.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.