SHCAY Sharp Corporation (PK)

TOKYO--Sharp Corp. (6753.TO) said Friday it was exploring various options to make structural changes to its operations in Europe but had yet to reach any decision.

The statement came after local media reports in Japan that the company would stop producing liquid crystal display televisions in Europe and license sales and production to Taiwan's TPV Technology Ltd., while licensing sales of domestic appliances in Europe to Turkish firm Vestel.

A report in the Nikkei said about 300 people, or 10% of the Sharp's workforce in Europe, would lose their jobs as a result of the move, with additional job cuts possible.

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