Under Hon Hai, Sharp Back to Growth; Staff Unhappy with Meritocracy

Under Hon Hai, Sharp Back to Growth; Staff Unhappy with Meritocracy

   Osaka, Aug. 12 (Jiji Press)--One year into operations under Hon Hai Precision Industry Co., Sharp Corp. <6753> has achieved a sharp earnings recovery while frustration has grown among its employees with the more meritocratic culture of the Taiwanese parent.
   In a message to employees on Thursday, Sharp President Tai Jeng-wu, who was sent from Hon Hai following its acquisition of the Japanese electronics maker, underlined that what he thinks has improved the most over the past year is their attitudes toward reducing costs.

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