Sharp seeks 2,000 job cuts, gets 3,000 volunteers

Tue Nov 20, 2012 1:27am EST
 

TOKYO (Reuters) - Struggling Japanese TV maker Sharp Corp (6753.T: Quote) said on Tuesday about 3,000 of its workers volunteered for early redundancy, far more than the 2,000 it aims to lay off in a bid to trim costs amid mounting losses.

Sharp said it will book a special loss of 25.3 billion yen ($312 million) for the October-December quarter to cover costs for the layoffs.

($1 = 81.1350 Japanese yen)

(Reporting by Shinichi Saoshiro; Editing by Michael Watson)

 
A logo of Sharp Corp is pictured at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo, October 2, 2012. REUTERS/Yuriko Nakao