{"id":19271,"date":"2012-08-02T08:26:06","date_gmt":"2012-08-02T06:26:06","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=19271"},"modified":"2012-08-02T08:34:08","modified_gmt":"2012-08-02T06:34:08","slug":"sharp-to-cut-5000-jobs-source","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/19271\/sharp-to-cut-5000-jobs-source\/","title":{"rendered":"Sharp to cut 5,000 jobs &#8211; source"},"content":{"rendered":"<p>Japan&#8217;s Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 percent of its consolidated workforce, a source close to the matter said on Thursday.<\/p>\n<p>The job cuts will be sought through early retirement and will also include reductions resulting from a plan to hive off ownership of its underused Sakai LCD factory in western Japan to Taiwan&#8217;s Hon Hai Precision Industry, the source said.<\/p>\n<p>The maker of Aquos TVs posted a record net loss in the year ended March 31 on a plunge in demand for its TVs that left it saddled with a glut of LCD panels.<\/p>\n<p>Demand for its TVs and solar panels remains weak, and a $198 million settlement in a U.S. LCD cartel case will further weigh on its April-June earnings results due at 3 p.m. (0600 GMT).<\/p>\n<p><strong>Related articles<\/strong><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/17380\/sharp-pays-198-5m-in-settlements\/\"><strong>Sharp pays $198.5m in settlements<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/9355\/sharp-seeks-to-save-struggling-subsidiary\/\"><strong>Sharp seeks to save struggling subsidiary<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/7785\/sharp-names-new-president-amid-mounting-losses\/\"><strong>Sharp names new president amid mounting losses<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/5071\/sharp-to-halve-lcd-panel-output-at-osaka\/\"><strong>Sharp to halve LCD panel output at Osaka<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 percent of its consolidated workforce, a source close to the matter said on Thursday.<\/p>\n","protected":false},"author":7,"featured_media":5077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,2949,1205],"class_list":["post-19271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-job-cuts","tag-sharp"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/19271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=19271"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/19271\/revisions"}],"predecessor-version":[{"id":19284,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/19271\/revisions\/19284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5077"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=19271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=19271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=19271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}