Sharp to bolster domestic production, no job cuts planned: president
Sharp Corp. will boost its domestic production capacity by increasing the number of employees at its key Kameyama factory manufacturing liquid crystal display panels, its president said Tuesday.
In an interview with Kyodo News, Tai Jeng-wu denied that the workforce at domestic plants would be slashed, saying, "This is the basic policy."
The Osaka-based electronics maker has been restructuring under Taiwan's Hon Hai Precision Industry Co., better known by its trade name Foxconn, following its takeover last August.
Tai, who is also Hon Hai's vice chairman, stressed that in a bid to improve earnings, the company plans to streamline its businesses through the consolidation and scrapping of overseas subsidiaries.
Describing the Kameyama factory in Mie Prefecture, central Japan, as the "most crucial base in the field of liquid crystal," the president said Sharp will hire 250 engineers within a few years, in addition to around 250 who have been employed since he assumed the post last August.
Some of the new hires will be assigned to the development of next-generation organic electroluminescent panels, according to the president.
The manufacturer plans to produce new home appliances that respond to human voice at its factory in Yao, Osaka Prefecture, and intends to develop next-generation "8K" ultra-high definition television sets at its plant in Yaita, Tochigi Prefecture, the president said.
Sharp became Japan's first major electronics maker to come under foreign ownership, following massive losses due to faltering demand for its smartphone display panels.