Sharp Corporation to Scale Back Workforce at Osaka Plant Through Early Retirement Program

Saturday, 13 July 2024, 04:17

In a strategic move, Sharp Corporation plans to reduce its workforce by 500 employees at its Osaka plant via an early retirement program. The decision comes as the company shifts away from the production of large liquid crystal panels for television sets.

Japantimes — Sharp Corporation to Scale Back Workforce at Osaka Plant Through Early Retirement Program

Sharp Corporation Restructuring

Sharp Corporation is streamlining operations at its Osaka plant by offering an early retirement program to 500 employees.

Production Changes

The Sakai Display Products subsidiary will halt the manufacturing of large liquid crystal panels used in television sets.

Strategic Decision

The move is part of Sharp's restructuring efforts to align with changing market demands.

500 jobs to be cut
Shift from TV panel production
Focus on future technologies

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