With bringing the total job cuts to 10,000, that does not stops the Sharp to take another further big step towards turning its business into low as from the latest report from Reuters citing two sources, the company may pull its solar panel business out of Europe and the United States. The proposal to take such step is nothing but a part of business contingency plan. Further, the company operating factory in both US and UK that assemble solar panel modules also plans to consolidate production at several sites in Japan into one site. The company is expecting to win an approval from the bank in order to secure 210 billion yen ($2.7 billion) as a fresh loan.
