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Sharp reports 2,000 job cuts in Japan, more changes expected

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Sharp reports 2,000 job cuts in Japan, more changes expected

There was little doubt jobs would be on the line after Sharp's significant Q1 losses, but now it's official. Following a board meeting today, the company has joined the likes of RIM, Sony and HP, announcing the "voluntary retirement" of around 2,000 staff in Japan before the year's out. The layoffs are part of a wider, textbook reorganization plan, and are expected to cost a sizeable 27 billion yen (approximately $344 million). Neither figure is set in stone, however, so when everything is finalized we could see more jobs impacted and those costs soar. Whether this puts off potential investment from Hon Hai Precision Industry is unknown, but while Sharp's TVs get ever bigger, its wallet continues to get thinner.

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Sharp reports 2,000 job cuts in Japan, more changes expected originally appeared on Engadget on Tue, 28 Aug 2012 23:47:00 EDT. Please see our terms for use of feeds.

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Lexmark announces detailed restructuring plan: 1,700 layoffs, inkjet business to be nixed

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Lexmark announces detailed restructuring plan 1,700 layoffs, inkjet business to be sold

It's always a sad day when news come in of hard-working folks losing their cherished jobs -- and, unfortunately, today's one of those dismal days. In a detailed press release, Lexmark's let it be known it'll be be undergoing a company-wide restructure, but with the main focus being the exiting of the outfit's inkjet hardware development and manufacturing -- which, in the end, should save the printer maker about $95 million per year once the plan has taken place. Naturally, this doesn't come without any repercussions, as Lexmark's announced these restructuring actions will see around 1,700 worldwide jobs be lost; 1,100 of which are manufacturing positions, and also include the closing of an inkjet supplies manufacturing plant in the Philippines. Needless to say, we can only hope Lexmark sees better days. For now, however, you can peruse over the company's official word in the presser located right past the break.

Continue reading Lexmark announces detailed restructuring plan: 1,700 layoffs, inkjet business to be nixed

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Lexmark announces detailed restructuring plan: 1,700 layoffs, inkjet business to be nixed originally appeared on Engadget on Tue, 28 Aug 2012 15:52:00 EDT. Please see our terms for use of feeds.

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