Arab Today, arab today japan\s sharp to cut 11000 jobs
Last Updated : GMT 08:07:11
Arab Today, arab today
Arab Today, arab today

Japan\'s Sharp to cut 11000 jobs

Arab Today, arab today

Arab Today, arab today Japan\'s Sharp to cut 11000 jobs

Tokyo - AFP

Troubled Japanese consumer electronics giant Sharp is to cut 11,000 jobs worldwide and sell $2.7 billion worth of assets and factories in a bid to turn its finances around, a report said Tuesday. The company, best known for home appliances, including LCD televisions, will also cut wages, Kyodo News said, citing a company plan presented to creditor banks on Monday. Once the new plan is finalised, the banks are expected to offer fresh loans totalling 360 billion yen ($4.6 billion) to the cash-strapped firm, which faces a huge bill for the redemption of commercial paper this year and bonds the next. Under the new plan, Sharp will shed 19 percent of its 57,170-strong global workforce, by the end of March 2014, Kyodo said. The company will also cut wages and bonuses to save almost 50 billion yen in personnel costs in the year to March 2013, Kyodo said. Sharp announced in early August that it was slashing 5,000 jobs worldwide and the new reported figure appeared to include that original round of lay-offs. The report comes amid growing speculation that the company may receive a cash injection of more than $380 million from US chip giant Intel, and as its ties with Taiwanese partner Hon Hai begin to sour. Sharp, which expects a huge 250 billion yen ($3.2 billion) loss in the year to March 2013, sought help from Hon Hai, which promised in March to take a stake of around 10 percent in the Japanese firm. However, Sharp shares plunged shortly after the deal was signed, pushing Hon Hai, best known for its Foxconn brand producing Apple gadgets, to demand Sharp reduce the investment price. As Sharp's relations with Hon Hai cooled, Intel has emerged in the media as a possible tie-up partner to help the 100-year-old Japanese company. Sharp, which has seen its mainstay television, liquid crystal display and solar panel products struggle, has promised to return to the black in the next fiscal year starting in April.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s sharp to cut 11000 jobs Arab Today, arab today japan\s sharp to cut 11000 jobs

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s sharp to cut 11000 jobs Arab Today, arab today japan\s sharp to cut 11000 jobs

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday