In next Tuesday Sharp Corporation will have to make public a detailed restructuring plan. The next billion-dollar loans in exchange for a promise to fix will only be released in the event of decisive action on the financial health of the company.
In the upcoming reform Sharp cut about 5,000 employees, most of whom are employed in the manufacture of television sets in the factories in China and Malaysia. The total staff of the corporation up to 51 thousand people. State of the head office in Osaka will be reduced by half. In addition, the number of board members will be reduced from 12 to 6 peoples.
Sharp's restructuring plan is for three years, until March 2016. In its operations Sharp will give priority to a small displays for smartphones and tablets, which have a higher share of profit.
However, in some markets major Sharp displays will be offered in the future. For example, in the U.S., the company expects to sell their TVs with screen sizes 70 ", as well as models with a resolution of Ultra HD. Factory for the production of television sets in China and Malaysia Sharp is already looking for a new owner. Interestingly, in South-East Asia, the company is going to sell more household appliances such as refrigerators and washing machines.