Reply to "Sharp has Serious Money Problems!"

Sharp Considers 10,000 Job Cuts
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BY ATSUKO FUKASE
TOKYO—Sharp Corp. has submitted a new restructuring plan to its lenders setting out job cuts of more than 10,000 and the sale of assets including overseas plants, as the consumer-electronics maker seeks to convince banks it can return to profitability even without a planned cash infusion from Taiwan's Hon Hai Precision Industry Co.

A person briefed on the plan also said Tuesday that Sharp is in talks with Intel Corp. over a business tie-up involving the provision of small and midsize liquid-crystal-display technology, though this wasn't mentioned in the plan.

Under the plan, Sharp intends to cut wages while offloading ...

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