Arab Today, arab today sharp planning more job cuts
Last Updated : GMT 20:29:09
Arab Today, arab today
Arab Today, arab today

Sharp planning more job cuts

Arab Today, arab today

Arab Today, arab today Sharp planning more job cuts

Tokyo - AFP

Japan’s embattled Sharp is considering cutting thousands of jobs in addition to its current plan of slashing 5,000 jobs to repair its disintegrating balance sheet, a report said. As the struggling electronics maker decided to cut thousands more jobs, its main banks are likely to provide bridge loans of about 60 billion yen ($ 755 million) to shore up Sharp’s cash flow, the Mainichi Shimbun reported, without citing sources. A separate report by the Yomiuri Shimbun said t is considering a sale of the land in western Japan where its key Sakai plant is located — with a book value of 38.1 billion yen — to institutional investors in a bid to plug a gaping hole in its balance sheet. Sharp also plans to sell its building in Tokyo with the book value of 42.2 billion yen to its business partner Hon Hai, the Yomiuri said. The reports came after shares in Sharp jumped on Friday following a frenzy of reports that said it would sell key operations and court new investment. On Friday, the Nikkei business daily said Taiwan’s Hon Hai Precision wanted to double its planned stake in Sharp to 20 percent. In March, the pair announced a deal that would see Hon Hai, which makes iPhones and iPads in China, buy 10 percent of Sharp, which makes a range of products including Aquos-brand televisions and office copiers. The Nikkei added that Sharp is mulling a spinoff of a plant in central Japan, which makes LCD panels for smartphones and tablet computers, including Apple’s iPhone and iPad. Sharp shares ended 5.14 percent higher at 184 yen in Tokyo on Friday. Earlier, the Nikkei also said Sharp would pull out of copiers and air conditioners to focus on its more competitive liquid crystal display (LCD) division in a bid to repair a gaping hole in its balance sheet. The Osaka-based firm suffered a bloodletting earlier this month, with its shares diving to 40-year lows in Tokyo, after it reported enormous quarterly losses and warned of more red ink to come. A Sharp spokesman denied the Nikkei reports, but said “it is true that we are considering selling some assets including a Tokyo building as well as some plants around the world that are now assembling television sets.”

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 sharp planning more job cuts Arab Today, arab today sharp planning more job cuts

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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