Sharp announces $1.86bn loss, plans thousands of job cuts

GMT 07:30 2015 Thursday ,14 May

Arab Today, arab today Sharp announces $1.86bn loss, plans thousands of job cuts

Japanese electronics giant Sharp
Tokyo - Arab Today

Japanese electronics giant Sharp on Thursday announced a bigger-than-expected $1.86 billion fiscal year loss, and thousands of job cuts, as it fights to stay afloat.

The Osaka-based company's 222 billion yen net loss -- much bigger than an earlier forecast of a 30 billion yen shortfall -- came as it said it is planning to cut 3,500 jobs in Japan, or about 15 percent of its domestic workforce.

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab