• Kyodo

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Struggling electronics firm Sharp Corp. plans to cut base salaries by 1 to 2 percent from August through March next year in a cost-cutting effort to return to profitability, sources close to the matter say.

The plan, which its labor union has been informed of, comes after Sharp fell into the red again in the business year ended March 31, posting a net group loss of ¥222.3 billion ($1.8 billion) after returning to the black for just a year.

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