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Sharp to slash 5,000 jobs will refocus on smartphone displays, large HDTVs and 4K TVs

Sharp retooling their business, will slash 5,000 jobs in the process

By: Anthony Garreffa from May 12, 2013 @ 1:36 CDT

Sharp will reportedly announce a three-year recovery plan next week, and will slash 5,000 jobs as part of this recovery plan in order to turn the struggling Japanese company around.

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The Asahi Shimbun has reported that the number of directors and advisory positions will be slashed in half, with the number of positions at Sharp's main office in Osaka, Japan to be reduced by 50%. There will be layoffs in China and Malaysia, also. In order to increase profits, Sharp will refocus their efforts to producing more smartphone screens, big HDTVs and 4K TVs.

NEWS SOURCES:bgr.com