Arab Today, arab today sharp shares soar after 5000 job cuts report
Last Updated : GMT 08:59:02
Arab Today, arab today
Arab Today, arab today

Sharp shares soar after 5000 job cuts report

Arab Today, arab today

Arab Today, arab today Sharp shares soar after 5000 job cuts report

Tokyo - AFP

Shares in struggling Japanese electronics maker Sharp jumped more than seven percent Friday after a report it will cut an extra 5,000 jobs. The issue was up 7.56 percent at 455 yen on the Tokyo Stock Exchange in early trade following the report in the mass circulation Asahi Shimbun. Sharp\'s three-year business plan, due to be announced next week, was likely to include a further slimming of the workforce, mainly outside of Japan, the paper said. The company has already cut thousands of jobs worldwide. The electronics maker hopes costs savings like this will help it to achieve a net profit of 100 billion yen ($1 billion) and operating profit of 180 billion yen on sales of more than three trillion yen in the year ending March 2016, the report said. The targets are around the same level as before the 2008 financial crisis, it said. For the past year that ended March, Sharp is likely to have booked a net loss of roughly 500 billion yen and an operating loss of 155 billion yen on sales of 2.46 trillion yen, it said. Sharp declined to comment on the report, saying \"the report is not what we have announced. We plan to announce our mid-term business plan on May 14.\" Sharp, like domestic rivals Sony and Panasonic, has been hammered by credit rating downgrades and record losses, which saw the century-old firm warn about its own survival last year. The maker of Aquos-brand electronics has embarked on a painful restructuring including thousands of job cuts and slashed wages from the factory floor to the boardroom. The cash-strapped company also said it would put up real estate as collateral for desperately needed bank loans. Sharp said an earlier agreement with Taiwan\'s Hon Hai Precision about a crucial capital injection failed to meet the deadline in March, but Hon Hai later denied the deal was off, saying the pact between the two companies did not expire until March 2015. Earlier in March, Sharp said rival Samsung would buy 10.4 billion yen of new shares, or a three-percent stake in the Japanese firm, making the smartphone and tablet maker its biggest foreign shareholder. In December, Sharp said it had reached a 9.9 billion yen capital injection deal with Qualcomm.

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 sharp shares soar after 5000 job cuts report Arab Today, arab today sharp shares soar after 5000 job cuts report

 



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 shares soar after 5000 job cuts report Arab Today, arab today sharp shares soar after 5000 job cuts report

 



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 O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
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 Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
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 All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
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 France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

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