Sharp / To cut 11,000 jobs

Kyodo news has reportedly obtained Sharp’s restructuring plan, revealing plans to cut approximately 11,000 jobs worldwide.

The news agency reported that as well as company plans to cut 11,000 jobs, the company will sell 2.7 billion USD worth of assets and factories. The job cuts represent 19 percent of its total workforce.

The company will also cut wages according to Kyodo, who cites a plan presented by the company to creditors on Monday. The plan will help Sharp secure 4.6 billion USD in loans.

Chosen excerpts by Job Market Monitor. Read the whole story at 

via Report: Sharp to cut 11,000 jobs.