Sharp Shifts 3,000 Jobs From Japan To China

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TOKYO (Reuters) – Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn.

Sharp LogoThe labor union said some of the laid off workers were its members. The union is in Mie Prefecture in central Japan, where Sharp’s plant is located.

The news of the relocation, first reported by the Nikkei business daily, and the layoffs sent Sharp shares down 5.7 percent on the Tokyo Stock Exchange. This compares to the broader Tokyo market’s 2.4 percent decline.

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