Sharp to Pink Slip 10k Globally, Foxconn Said to Be in Talks to Buy Assets

“Sharp Corp. (6753) plans to cut more than 10,000 jobs, or about 18 percent of its workforce, and is in talks to sell plants as the Japanese TV maker tries to return to profit, two people with knowledge of the proposal said.

The job cuts and sales of television factories in Mexico, China and Malaysia and U.S. solar developer Recurrent Energy LLC were in the plan Sharp presented to its lenders Sept. 24, the people said, declining to be identified because the matter isn’t public. Sharp is negotiating with Foxconn Technology Group to dispose of the three plants, the people said.”

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