Sharp Said to Plan Cutting 10,000 Jobs, Selling Recurrent Energy

Sharp Said to Plan Cutting 10,000 Jobs, Selling Recurrent Energy

Tomohiro Ohsumi/Bloomberg

Sharp, reeling from record losses and facing hurdles in selling shares to Foxconn, submitted the proposals to its main banks Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., seeking support on refinancing its commercial paper and other debt, two people with knowledge of the matter said this week.