25.09.2012 20:50 Uhr, Quelle: Engadget

Report: Sharp increases layoffs number, aiming for profitability by March 2014

Japanese electronics giant Sharp is reportedly planning a major restructuring to bring the company back to profitability by 2014, as reported by Kyodo News. 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 much needed capital from lenders. Named assets to be sold in

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