Skip to main content

Foxconn founder Terry Gou said there would have to be layoffs at Sharp to turn around the ailing Japanese company, but pledged that wages would rise and profit-sharing would again be the norm.

“Unfortunately, a close review of the company’s operations makes it clear that the level of inefficiency throughout Sharp means that a turnaround … can only take place if there is a reduction in costs, and that comes with a very regrettable need to reduce Sharp’s workforce,” Gou wrote in an open letter, seen by Reuters, to Sharp staff late on Thursday.

Sharp earlier reported its annual losses trebled from a year earlier.  read more here

If you like something I've posted please feel free to click the "like" button!

Original Post

Add Reply

Post
×
×
×
×
Link copied to your clipboard.
×
×