The job cuts will be sought through early retirement and will also include reductions resulting from a plan to hive off ownership of its underused Sakai LCD factory in western Japan to Taiwan's Hon Hai Precision Industry, the source said.
The maker of Aquos TVs posted a record net loss in the year ended March 31 on a plunge in demand for its TVs that left it saddled with a glut of LCD panels.
Demand for its TVs and solar panels remains weak, and a $198 million settlement in a US LCD cartel case will further weigh on its April-June earnings results due at 3 p.m.
Edited By Cen Fox Post Team
