Sharp will cut 5,000 jobs within one year
Source: Agencies |
August 3, 2012, Friday
|
Print Edition
Print Edition
JAPANESE electronics maker Sharp Corp is slashing 5,000 jobs over the next year, or nearly 9 percent of its global workforce, after its quarterly loss ballooned from a year earlier.
Osaka-based Sharp reported yesterday that its April-June loss swelled to 138.4 billion yen (US$1.8 billion) from 49 billion yen a year earlier.
Quarterly sales plunged 28 percent to 458.6 billion yen (US$5.9 billion) as sales crashed in liquid crystal displays, flat-panel TVs and mobile phones.
Sharp forecast a bigger loss for the business year through March 2013. It now expects a 250 billion yen (US$3.2 billion) loss compared with the 30 billion yen (US$385 million) it projected earlier.
Osaka-based Sharp reported yesterday that its April-June loss swelled to 138.4 billion yen (US$1.8 billion) from 49 billion yen a year earlier.
Quarterly sales plunged 28 percent to 458.6 billion yen (US$5.9 billion) as sales crashed in liquid crystal displays, flat-panel TVs and mobile phones.
Sharp forecast a bigger loss for the business year through March 2013. It now expects a 250 billion yen (US$3.2 billion) loss compared with the 30 billion yen (US$385 million) it projected earlier.
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