According to Japan's Kyodo News April 16 reported that the media on the 16th was informed that the entire contents of the Sharp company restructuring plan the program, including the closure of the production of LCD TVs Tochigi Plant (Tochigi Yaita), sold in Osaka City Corporation and other large scale layoffs. Sharp plans to submit the plan to the major trading banks. Due to the fiscal year 2014 (April 2014-March 2015) ¥ 200 billion size (about 10.4 billion yuan) in losses, Sharp will strive to assist banks were ¥ 225 billion of capital to accelerate reorganization.
Plan for the proposed spin-off of the main LCD business, set up a subsidiary, will cut 3,000 jobs at home and abroad and about 2,000 people.
About underperforming solar cell business, including household batteries, including Sharp considering to completely withdraw from the study for the first large-scale photovoltaic power plants sell "thin-film solar cells," department.
Domestic production of LCD TVs will be transferred to the manufacture of white goods factory Yao (Yao City, Osaka). Due to the depreciation of the yen, the company has considered the production moved back from overseas Tochigi plant, but the deterioration of the performance exceeded expectations then changed the policy. Will determine the future treatment of employees and whereabouts.
Plans to shut down production program also includes an LED factory Mihara (Mihara, Hiroshima City), as well as the manufacturing plant sensors Fukuyama (Fukuyama City, Hiroshima Prefecture) of the first to plant a total of four 3 factories. The company will summarize the new medium-term management plan on the basis of the program, and released in May.
Because of the small LCD screen smartphone business performance for the Chinese downturn, coupled with structural reforms to increase the cost of, Sharp 2014 fiscal year to a loss again a year later. The company has Mizuho Bank and The Bank of Tokyo-Mitsubishi UFJ to seek financial support.