Sharp to Close Two LCD Panel Production Lines Dec 15, 2008

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Sharp Corp. will close two LCD output lines making small and mid-sized panels in Japan, and move production to a newer and more cost-efficient plant as the global downturn hits demand for electronic goods.

Sharp plans to cut about 380 temporary workers due to the shift in production, but said it was unclear at the moment how much costs will be reduced through the planned move. It added that it is on track to bring onstream its advanced LCD panel factory in the western Japan city of Sakai by March 2010.

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