Struggling Japanese electronics maker Sanyo Electric is considering cutting up to 1,000 more jobs as it seeks to rebuild its appliance operations.
Sanyo, Japan's third-largest consumer electronics maker, has already cut 15 per cent of its work force as part of a restructuring that included closing factories, halving its debt and streamlining unprofitable operations such as appliances and chips.
Japanese newspaper the Sankei Dailyreported Sanyo would put together a reform plan for its appliance business by the time it announces half-year earnings in November, and the plan may include eliminating another 500 to 1,000 jobs.
Sanyo posted a large loss for the year ended in March because of restructuring costs, asset write-downs and sluggish sales, but it forecast a return to profit this business year.
Sanyo is considered a weak player in the cut-throat electronics industry, unable to produce goods efficiently enough to keep pace with the likes of Matsushita Electric Industrial and Sharp.