News: Sharp to reduce 10% of Japanese workforce

Strategic HR

Sharp to reduce 10% of Japanese workforce

Sharp Corp will start a workforce reduction strategy starting April to reduce 10 per cent of its Japanese workforce. The struggling electronics company will reduce about 3000 jobs through voluntary retirement and will incur a cost of approximately 30 billion yen in retirement related expenses in 2015. The company may also reduce its North America workforce in the television business.

Sharp Corp will start a workforce reduction strategy starting April to reduce 10 per cent of its Japanese workforce. The struggling electronics company will reduce about 3000 jobs through voluntary retirement and will incur a cost of approximately 30 billion yen in retirement related expenses in 2015. The company may also reduce its North America workforce in the television business.

Read the Economic Times news report here.

Read full story

Topics: Strategic HR, #Current, #International

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

How can we prepare for a challenging 2023?

READ our latest issue for tips and suggestions.