Struggling Japanese consumer electronics maker Sanyo plans to cut about 15 per cent of its global workforce of 96,000 over the next three years. Unveiling a three-year restructuring plan to restore profitability, the company said yesterday that it would close or sell about 20 per cent of its plants in Japan, cut costs by ¥70 billion ($A836.5 million) and reduce interest-bearing debt by ¥600 billion. Sanyo said it was aiming for operating profit margin of 5 per cent in the year ending March 2008.