Japan. The multinational manufacturer of electronic systems Sharp is analyzing the possibility of selling its air conditioning and photocopier divisions and investing in its business of LCD screens for mobile phones.
The company seeks to recover from the bad financial moment it is currently going through and for that reason will cut 5,000 jobs around the world, in an operation that will go between now and March 2013; it will also sell some offices in order to balance its performance burdens.
In 2011, Sharp reported a record net loss of €3,837 million and it is estimated that by the end of the current period (March 31, 2013), net losses will reach €2.25 billion.
Another way to cut costs for the company is to offer other companies the use of its assembly plant in Mexico and its solar panel manufacturers.
