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Sharp May Cut Temporary Workers at Factories on Slowing Demand

Post Time:Nov 21,2008Classify:Company NewsView:417

Sharp Corp., Japan's largest maker of liquid-crystal displays used in televisions, may cut temporary workers at factories in Japan because of slowing demand for electronics including TVs.

The cut includes those working at Sharp's Fukuyama plant in Hiroshima prefecture, western Japan, which makes electronic components used for digital cameras and LCD TVs, Miyuki Nakayama, a Tokyo-based spokeswoman for the company, said by phone today.

Japanese electronics companies are cutting production or delaying plans to build factories as the global recession hits consumer demand. This week, Osaka-based Sharp said it's considering cutting LCD-TV production, and Canon Inc., Japan's largest office-equipment maker, postponed building a printer cartridge plant by six months.

``We're considering changing the number of temporary workers at factories including the Fukuyama'' plant, Nakayama said. The timing and size of the possible reductions have yet to be decided, she said, declining to disclose how many of these workers are employed at Sharp.

The company may cut 300 temporary workers at the Fukuyama plant, Kyodo News reported today, without saying where it got the information.

The panel maker is also considering reducing temporary workers at other factories, including its Kameyama plant in Mie prefecture that makes LCDs and another in Hiroshima prefecture that produces mobile phones, national broadcaster NHK reported, without saying where it obtained the information.

Sharp fell 2.9 percent to 575 yen at the 11 a.m. break on the Tokyo Stock Exchange, the lowest level since Aug. 7, 1980. The stock has plunged 71 percent this year, while the benchmark Nikkei 225 Stock Average has lost 51 percent.

Source: BloombergAuthor: shangyi

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