Sharp – To cut 6,000 jobs

Japan’s loss-making Sharp Corp (6753.T) intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. 

The job cuts will total around 6,000, half of which would come in Japan through early retirement while the rest would be overseas, according to the person, who was briefed on the matter but declined to be identified as a formal decision has not been made.

Chosen excerpts by Job Market Monitor. Read the whole story at Japan’s Sharp to cut 6,000 jobs in global restructuring: source | Reuters.