Sharp's solar unit under fire with plan to cut 3,000 jobs — report

Sharp may cut as many as 3,000 jobs — including roughly 2,000 employees in its solar and administrative divisions — as it tries to slash fixed costs in the wake of Foxconn’s recent ¥388.8bn ($3.5bn) purchase of a 66% stake in the troubled Japanese electronics group.

An 8MW PV project near the city of Suwa, Nagano prefecture, Japan.
An 8MW PV project near the city of Suwa, Nagano prefecture, Japan.
Published 11 May 2016, 04:58Updated 11 May 2016, 05:01