Japanese electronics manufacturer – Sharp Corporation will hold a large-scale restructuring of its business to return to profitability and restore confidence in the brand. This was stated by the CEO of the company, tai Ying-Wu, Interfax reported.

“My mission as a leader in Sharp – turn for the better situation in the company without delay,” said Ying-Wu.

It is noted that Sharp plans to invest in the development of research and development, and Foxconn Technology will give the Japanese company assistance in terms of production capacity and supply of components.

According to Ying Wu, the restructuring will lead to staff reductions.

Earlier, representatives Sharp said that the reorganization would require cutting thousands of jobs, mainly in the foreign divisions of the company.

We will remind, on 2 April 2016 after four years of negotiations, the Taiwanese company Foxconn has signed an agreement with Sharp to purchase a controlling stake in Japanese manufacturer for $3.5 billion.

Sharp has announced a major business restructuring 22.08.2016

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