Sharp

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
5,000 jobs
Number of planned job losses
Job loss
Announcement Date
2 August 2012
Employment effect (start)
3 August 2012
Foreseen end date
31 March 2013

Description

Sharp Corp, a Japanese multinational specialised in the design and manufacturing of electronic products, announced plans to cut 5,000 jobs worldwide by the end of March 2013. 

The measure is the company's reaction to a substantial net loss registered over the past year (July 2011 - June 2012).

Sharp detailed that the job cuts will be implemented globally, but did not specify plants or give more detailed information on which countries are affected. 

Sources

  • 2 August 2012: EE Times

Citation

Eurofound (2012), Sharp, Internal restructuring in World, factsheet number 74012, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74012.