EMCC European Monitoring Centre on Change

Sharp

Company/Organisation:
Sharp

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 56756

Employment Effects

Announcement Date: 02-08-2012
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Internal restructuring
Employment Effect Start: 03-08-2012
Foreseen End Date: 31-03-2013

Additional Information

Sharp Corp, a Japanese multinational specialised in the design and manufacturing of electronic products, announced plans to cut 5,000 jobs worldwide by the end of March 2013. 

The measure is the company's reaction to a substantial net loss registered over the past year (July 2011 - June 2012).

Sharp detailed that the job cuts will be implemented globally, but did not specify plants or give more detailed information on which countries are affected.