TOKYO -- Business Sharp Corp. currently experiencing barriers. A source ANN whisper, the management company plans to restructure by cutting approximately 6,000 employees or more than 10% of the total fleet of the company.
Another objective was to reduce the salaries of employees in line with the closure of a number of factories due to stagnant business.
Sharp also reportedly plans to report it to the discretion of their two creditor banks, namely Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ in the near future. This includes the management restructuring plan will be drawn up in May.
One of the factors that erode earnings Sharp is the failure of their TV business in the United States. That is why, Sharp cut almost all local employees there. The plan is to lower sales target by laying off more than 2,000 staff in North America and sell or shut down the plant, including a factory in Mexico with a number of staff under 2,000 people.
Not only that, Sharp is also considering lowering domestic salary. The reduction will be implemented through the filing of retirement and reduce the amount of hiring.
Sharp predicts will be a net loss of 30 billion yen (US $ 249 million) in fiscal year 2014, which will end this month. It will be a deficit experienced by Sharp for the first time in two years.
Another objective was to reduce the salaries of employees in line with the closure of a number of factories due to stagnant business.
Sharp also reportedly plans to report it to the discretion of their two creditor banks, namely Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ in the near future. This includes the management restructuring plan will be drawn up in May.
One of the factors that erode earnings Sharp is the failure of their TV business in the United States. That is why, Sharp cut almost all local employees there. The plan is to lower sales target by laying off more than 2,000 staff in North America and sell or shut down the plant, including a factory in Mexico with a number of staff under 2,000 people.
Not only that, Sharp is also considering lowering domestic salary. The reduction will be implemented through the filing of retirement and reduce the amount of hiring.
Sharp predicts will be a net loss of 30 billion yen (US $ 249 million) in fiscal year 2014, which will end this month. It will be a deficit experienced by Sharp for the first time in two years.
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