A worker prepares a display of Sharp flat panel televisions for the 2009 International Consumer Electronics Show (CES) at the Las Vegas Convention Center in Las Vegas.
A worker prepares a display of Sharp flat panel televisions for the 2009 International Consumer Electronics Show (CES) at the Las Vegas Convention Center in Las Vegas, Nevada, January 7, 2009. REUTERS

Sharp [6753] is to cut 5,000 employees, 10 percent of its workforce, sources indicated Thursday.

The consumer electronics giant has suffered from poor performance in its main TV and LCD screen business, forecasting a net annual loss of 250 billion yen ($3.2 billion).

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