Sharp Corp lays off 3\,000 foreign staff\, moves production to China: Nikkei

Sharp Corp lays off 3,000 foreign staff, moves production to China: Nikkei

Reuters 

(Reuters) - <6753.T> has laid off more than 3,000 foreign workers in as the supplier shifts production of sensors to a Chinese plant owned by parent <2354.TW>, daily reported on Monday.

The deep job cuts come as debates whether to bring in more foreign workers amid a national labour shortage, and they illustrate how such employment is often at the mercy of manufacturers' production cycles, the report https://asia.nikkei.com/Spotlight/Japan-Immigration/Sharp-cuts-3-000-foreign-staff-shifting-work-to-said.

In October, Sharp nudged its full-year profit outlook as a part of a turnaround under the ownership of

The Osaka-based maker has slashed costs after being taken over by Foxconn, formally known as Hon Hai Precision Industry Co Ltd, in 2016 as it struggles to compete with South Korean rivals in organic light-emitting diode (OLED) screen

was not available for comment, outside regular hours.

(Reporting by in Bengaluru; Editing by Shailesh Kuber)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 06:26 IST