Osaka –
Japanese electronics maker Sharp plans to cut 500 jobs through an early voluntary retirement program at its factory in Sakai, Osaka Prefecture, sources said.
The factory, which is run by wholly owned subsidiary Sakai Display Products, will stop producing large LCD screens for televisions.
Sharp is recruiting candidates for the Sakai Display Products retirement program. The 500 jobs represent more than half of the subsidiary’s total workforce. The remaining staff is expected to be reallocated.
Sharp, which posted a second straight year of net losses in fiscal 2023, has decided to wind down its ailing LCD business.
The Sakai plant is expected to cease operations at the end of September.
