Sharp closing down two LCD panel production lines, hacking 380 jobs
pulling a Sony or anything, but even Sharp has been unable to absorb the downturn in flat-panel demand. We already knew that the firm was looking to scale back production by as much as 10% from the middle of this month, and our deductive reasoning skills are leading us to believe that this is the cutback we've been expecting. The outfit will be closing down two LCD panel production lines in Japan in order to "move production to a newer and more cost-efficient plant as the global downturn hits demand for electronic goods." Along with the closings will come 380 job cuts -- all temporary workers -- which will presumably be sent home when the lines halt for the final time in January.
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