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Sharp announces $1.86 bn loss, plans thousands of job cuts

Japanese electronics giant Sharp on Thursday announced a bigger-than-expected $1

The Jakarta Post
Tokyo, Japan
Thu, May 14, 2015 Published on May. 14, 2015 Published on 2015-05-14T13:29:38+07:00

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J

apanese electronics giant Sharp on Thursday announced a bigger-than-expected $1.86 billion fiscal year loss, and thousands of job cuts, as it fights to stay afloat.

The Osaka-based company's 222 billion yen net loss -- much bigger than an earlier forecast of a 30 billion yen shortfall -- came as it said it is planning to cut 3,500 jobs in Japan, or about 15 percent of its domestic workforce. (*)

 

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