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 beas a cost-cutting measure which will save about 100 billion yen (US$1.3 billion).
Last month, Sharp was said to be considering selling off its factoriesto its Taiwanese partner which will impact another 3,000 positions.
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 asto pay off its short-term debt.