The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
5,000 jobs Number of planned job losses
Announcement Date
2 August 2012
Employment effect (start)
3 August 2012
Foreseen end date
31 March 2013
Description
Sharp Corp, a Japanese multinational specialised in the design and manufacturing of electronic products, announced plans to cut 5,000 jobs worldwide by the end of March 2013.
The measure is the company's reaction to a substantial net loss registered over the past year (July 2011 - June 2012).
Sharp detailed that the job cuts will be implemented globally, but did not specify plants or give more detailed information on which countries are affected.
Sources
2 August 2012: EE Times
Citation
Eurofound (2012), Sharp, Internal restructuring in World, factsheet number 74012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74012.
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