The new CEO of Sharp Electronics has warned that there will be job losses at the consumer electronics company amid a broader restructure.
Tai Jeng-wu now heads the company following the takeover by Foxconn for $3.8bn, which saw the giant take a 66 per cent ownership stake.
The job losses have long been rumored, and Foxconn chairman Terry Gou has previously warned they would mostly impact divisions of the company outside Japan. Up to 7,000 people are expected to be laid off.
In an interview with Nikkei, Mr Tai confirmed that he would be restructuring the company and job cuts would be a part of that process. But he tried to characterize the losses as an "optimization" rather than a reduction in staff. read the rest here