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Sharp to slash 5,000 jobs

8/2/2012 09:20 AM EDT
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docdivakar
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re: Sharp to slash 5,000 jobs
docdivakar   8/3/2012 7:45:56 PM
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It seems like a 10% reduction in workforce in today's economy is not that unusual. It is sad that it is company's first personnel downsizing since 1950. So the question to ask the Sharp management is: why didn't they continue the strategy that worked for 60+ years? MP Divakar

ledzep
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re: Sharp to slash 5,000 jobs
ledzep   8/3/2012 1:21:54 AM
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All TV set-makers focused too much on hi-end market are loosing even Samsung or LG. It's the industry's turing point. Furthermore Sharp has been the one concentrated too much in Japan i.e. non-global among them.

selinz
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re: Sharp to slash 5,000 jobs
selinz   8/3/2012 12:18:30 AM
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When a US company can beat you across the entire product line on price, you should be weary. Sharp is no longer perceived to be much better than the rest of the pack to justify premium pricing. (just talking about tvs here.)

skal_jp
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re: Sharp to slash 5,000 jobs
skal_jp   8/2/2012 10:35:20 PM
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One of the problem with Japanese company is that they do not accept their weakness fast enough to anticipate next move. Sharp was confident on it's LCD technology and business model. Too much confident. Could not stand the blow from Samsung and other LG. Another problem is that they are to much focused on the Japanese market and although through the past year things are changing, the change is too slow. Indeed there is now design center and production line for the local market everywhere, but the top guy are no locals (trust me I was there). On top of that the branch manager in Japan is send abroad and becomes the local CEO, but the truth is that the guy have no formation. I would add that so far most of the executives were guys from the inside (Sony was an exception). The do not have real management formation. The have the internal formation, which is no good at all. As for the Foxconn case.... Well no-one at the board will admit it but I think this is part of some non written agreement....

goafrit
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re: Sharp to slash 5,000 jobs
goafrit   8/2/2012 8:22:20 PM
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Terry Gou cannot afford to pay the Japanese wage structure, so, he needs to cut manpower. It is a new world order and Japan is not getting it.

goafrit
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re: Sharp to slash 5,000 jobs
goafrit   8/2/2012 8:21:18 PM
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If they have not been doing that, the CEO needs to step down. The problem is that it has not been working for Sharp.

goafrit
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re: Sharp to slash 5,000 jobs
goafrit   8/2/2012 8:20:36 PM
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If anyone can answer that question, he/she will win the Asian Nobel Prize for economics. They are on the way to death camp of business.

eewiz
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re: Sharp to slash 5,000 jobs
eewiz   8/2/2012 1:52:30 PM
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@ yjamal2k1 You forgot Panasonic,Sony,NEC and many others. The fundamental problem with Japanese companies is that the world has moved on, and Japanese companies stood still. BTW this layoff has got anything to do with Foxconn acquiring 10% stake in Sharp? Terry Gou brought some common sense back at Sharp management?

yjamal2k1
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re: Sharp to slash 5,000 jobs
yjamal2k1   8/2/2012 12:36:11 PM
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What is wrong with Japanese companies, first crisis erupted with Renesas and now Sharp is also in turmoil....

anne-francoise.pele
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re: Sharp to slash 5,000 jobs
anne-francoise.pele   8/2/2012 9:42:34 AM
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On a side note, Sharp explained that, in the second quarter, it will work on the steady improvement of profitability and financial position, while tackling the issues in businesses such as LCD TVs, small- and medium-size LCDs and large-size LCDs.

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