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Japan's Sharp may sell China, Mexico plants: Reports

Published on Aug 21, 2012 5:47 PM
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A man looks at Sharp Corp's Aquos TVs displayed at an electronics store in Tokyo in this Aug 8, 2012 file photograph. Japan's embattled Sharp is considering selling television assembly plants in China and Mexico and shedding 3,000 jobs, boosting the number of planned payroll cuts to 8,000, reports said on Tuesday. -- PHOTO: REUTERS

TOKYO (AFP) - Japan's embattled Sharp is considering selling television assembly plants in China and Mexico and shedding 3,000 jobs, boosting the number of planned payroll cuts to 8,000, reports said on Tuesday.

Sharp is mulling over the sale of the two factories as part of talks with Taiwanese partner Hon Hai Precision Industry, Dow Jones Newswires and the Yomiuri newspaper reported.

Sharp could sell the factories to Hon Hai, or to Sharp Display Products, the Japanese company's joint venture with Hon Hai chairman Terry Gou, Dow Jones quoted a source as saying.

The Chinese factory has about 1,500 workers, while the Mexican plant has another 1,500, according to Sharp.

 
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