Sharp to cut around 6,000 jobs: source

Tokyo

JAPAN's loss-making electronics firm Sharp Corp plans to cut around 6,000 jobs, over 10 per cent of its workforce, in a global restructuring that will cost over 200 billion yen (S$2.3 billion), a person familiar with the plan said on Thursday.

The job cuts will include around 3,000 in Japan through early retirement and 3,000 overseas, according to the person, who was briefed on the matter but asked not to be named. The company had around 50,000 employees at the end of 2014.