Sunday May 12, 2013

Sharp to Slash 5,000 Jobs, Shift Production Focus

Sharp Corporation will be cutting 5K jobs internationally and refocusing the company’s production on regional products that have proven profitable for the company. Sharp is joining many of the once mega-corporations forced to restructure due to unfavorable economic times. The restructuring plan will be spread over a three year period and include a significant cut in top level personnel.

As for TV sales, Sharp will conduct more research on consumer preferences in specific regions. In the United States, for example, the company plans to increase production of large-sized TV sets, which are 70-inch type or bigger, and 4K TVs whose screen images are clearer.