Coiled retractable Sharp is planning JOB CUTS Debt, 8,000 employees and Offers 2 Factory TV

Tokyo -TV Producers from Japan, Sharp planning to LAYOFF 8,000 employees, or over 15% of the total employees Sharp throughout the world. Sharp also sell 2 TV factory owns.

As many as 8,000 employees to be fired is composed of 3,000 employees working in 2 factories in China and Mexico TV was sold to the Hon Hai Precision Industry from Taiwan. While 5,000 others have been announced by the employee's Sharp advance.

Japan newspaper Yomiuri said, Sharp fired thousands of employees move and sell TV factory is to reduce costs and pay their debts.

Other newspaper even said, Sharp plans to increase the number of employees who will be laid off 10,000 people.

"We continue to work to form an Alliance of the most good with Hon Hai, but there has been no decision made Hon Hai matter of our plant sales in Mexico and China," said Sharp spokesman quoted from Reuters, Monday (21/12/2012).

Currently has a number of Sharp debt 1.25 trillion yen (US $ 16 billion). The company is also struggling to do the refinancing middle of debentures worth 360 billion yen and a convertible bond issue worth 200 billion yen, which will be due next September.

The company will provide assessment reports its assets to banks to get funding to continue its business. Sharp stock price fell more than the current 35% since August.

(dnl/dnl)