business

Hon Hai plans cuts to streamline Sharp after takeover

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Osaka_DougJUN. 23, 2016 - 05:38PM JST @Dylan Robertson I agree, many employees do know the issues in a company and can accept layoffs if given a good package.

The dark side of J-companies is that they prefer employees resign on their own rather than pay a severance package, by so doing they pay less than the required pension to the worker because the company stands to loss when the worker resigns out of his own will when in reality the worker is really surplus to requirement. The end result is the company has unhappy workers on its payroll who have no role to play in the company and who due to age and lack of confidence to get another job or venture out and start something on their own prefer, despite all the emotional stress to just hang in the poisoned environment receiving their paycheck and waiting for retirement age.

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I wonder how this might play out in the Japanese media. Poor, picked-upon Sharp, gobbled up by foreign vulture that doesn't respect Japanese work culture? Will Sharp employees suddenly take to "unavoidable" industrial action, supported by a sympathetic media?

Might, Could go the other way as when Renault took de facto control of Nissan and Carlos Ghosn came in. He became something of a local hero for doing what everyone knew needed to be done but which no one had the courage to do.

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@Dylan Robertson I agree, many employees do know the issues in a company and can accept layoffs if given a good package.

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I think this will be a win-win for all concerned if it's executed properly.

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Better put those anti-suicide nets on the workers' dormitories back up quickly...

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that's the problem with J salarymen, they think they should be immune to layoffs, well if a company goes bankrupt then you'll have no choice in being laid off!. Let them slug it out between them on who should stay, those that perform their jobs well and make the company profit get to stay, those that dont get the flick. The old Japanese way of doing business died long ago, adapt or die.

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gogogo

This was obvious, they'll purchased Sharp to kill it off.

Sharp killed itself off 15 years ago. Worker at Sharp for 5 years.

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This was obvious, they'll purchased Sharp to kill it off.

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He told shareholders Wednesday he would introduce cost-cutting measures and streamline staffing.

Deadwood - OUT!

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Good luck, IBM Japan tried to "streamline" operations, and we all know how well that ended.

4 ( +5 / -1 )

I wonder how this might play out in the Japanese media. Poor, picked-upon Sharp, gobbled up by foreign vulture that doesn't respect Japanese work culture? Will Sharp employees suddenly take to "unavoidable" industrial action, supported by a sympathetic media?

4 ( +5 / -1 )

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