Reuters: Technology News: Sharp considering cutting 5,000 jobs worldwide: source

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Sharp considering cutting 5,000 jobs worldwide: source Aug 2nd 2012, 01:03 Tweet Share this Email Print A man is reflected on Sharp's logo on its fridge at an electronic shop in Tokyo October 29, 2009. Credit: Reuters/Kim Kyung-Hoon Related News Sharp to cut thousands of jobs: Nikkei Mon, Jul 23 2012 REFILE-UPDATE 2-Sharp to cut thousands of jobs -Nikkei Mon, Jul 23 2012 For Asia's tech giants, clouds before the windows Mon, Jul 23 2012 TOKYO | Wed Aug 1, 2012 9:03pm EDT TOKYO (Reuters) - Japan's Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 percent of its consolidated workforce, a source close to the matter said on Thursday. The job cuts will be sought through early retirement and will also include reductions resulting from a plan to hive off ownership of its underused Sakai LCD factory in western Japan to Taiwan's Hon Hai Precision Industry, the source said. The maker of Aquos TVs posted a record net loss in the year ended March 31 on a plunge in demand for its TVs that left it saddled with a glut of LCD panels. Demand for its TVs and solar panels remains weak, and a $198 million settlement in a U.S. LCD cartel case will further weigh on its April-June earnings results due at 3 p.m. (0600 GMT). (Reporting by Reiji Murai, Writing by Mayumi Negishi; Editing by Chang-Ran Kim) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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