Sharp Increases Layoffs Number

[THE_DB_KNIGHT]

[color=#444444][font=georgia][size=4][background=rgb(255, 255, 255)]Japanese electronics giant Sharp is reportedly planning a major restructuring to bring the company back to profitability by 2014, as reported by [/background][/size][/font][/color][color=#00BDF6][font=georgia][size=4][background=rgb(255, 255, 255)][i]Kyodo News[/i][/background][/size][/font][/color][color=#444444][font=georgia][size=4][background=rgb(255, 255, 255)]. Said restructuring will see Sharp cut nearly 11,000 (10,966) jobs from its 57,170-person workforce by March 2014 -- just under 20 percent of all employees -- and sell off various assets, resulting in ¥213.1 billion ($2.7 billion) of [/background][/size][/font][/color][color=#00BDF6][font=georgia][size=4][background=rgb(255, 255, 255)]much needed capital[/background][/size][/font][/color][color=#444444][font=georgia][size=4][background=rgb(255, 255, 255)]from lenders. Named assets to be sold include international manufacturing plants, and shares in other Japanese electronics company, Toshiba. The company also plans on shuttering its international manufacturing plants, as well as [/background][/size][/font][/color][color=#00BDF6][font=georgia][size=4][background=rgb(255, 255, 255)]once again[/background][/size][/font][/color][color=#444444][font=georgia][size=4][background=rgb(255, 255, 255)] cutting employee wages.[/background][/size][/font][/color]

[babu_andrew]

ok

[tel_muddu]

[tel_muddu]

[tel_muddu]

[Gachibowli_Diwakar]

chaala companies lay-offs start chesaay .. may be because of unstable economy ani emo ..

HP kuda .. layoff started anta ..

[Spartan]

[quote name='Silence..Please' timestamp='1348632337' post='1302540957']
chaala companies lay-offs start chesaay .. may be because of unstable economy ani emo ..

HP kuda .. layoff started anta ..
[/quote]


Q4 effect...

[CheGuevara]

add verizon to the list...by rhe end of year 2013...around 10-20% layoffs