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.
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