Sharp corporation is negotiating with unions about the possibility of wage cuts of up to 10% . It is assumed that this will decrease the salary value of Sharp guide, and workers lose in wages of about 7%. This is not the first action of its kind - in April salaries of managers were reduced by 5%, and workers lost income of 2%.
It is expected that the reduction in wages would save Sharp until March 2013 about $ 180 million - then over the next financial year. Overtime and travel expenses will be also reduced.