Japanese electronics maker Sharp plans to sell its Malaysian factory to Hon Hai Precision Industry, also known as Foxconn, which will bring total job cuts to 10,000.
Citing Kyodo News, a Wall Street Journal report Saturday said Sharp's TV assembly plant in Malaysia has about 2,000 workers. Total job cuts in Sharp could reach 10,000 if the sale goes through.
The company announced in early August that it will be cutting 5,000 jobs as a cost-cutting measure which will save about 100 billion yen (US$1.3 billion).
The report noted that Sharp will be presenting its rehabilitation plan to lenders by the end of this month.
Earlier this month, Sharp had put up its properties in Japan as collateral to secure new bank loans to pay off its short-term debt.