Monday, September 17, 2012

Sharp reports 2,000 job cuts in Japan, more changes expected

Sharp reports 2,000 job cuts in Japan, more changes expected

There was little doubt jobs would be on the line after Sharp's significant Q1 losses, but now it's official. Following a board meeting today, the company has joined the likes of RIM, Sony and HP, announcing the "voluntary retirement" of around 2,000 staff in Japan before the year's out. The layoffs are part of a wider, textbook reorganization plan, and are expected to cost a sizeable 27 billion yen (approximately $344 million). Neither figure is set in stone, however, so when everything is finalized we could see more jobs impacted and those costs soar.

Engadget , Sharp reports 2,000 job cuts in Japan, more changes expected, Sharp reports 2,000 job cuts in Japan, more changes expected