Print 4 comment(s) - last by piroroadkill.. on Oct 2 at 5:41 AM

Toshiba will also shut down two of its three manufacturing facilities

Toshiba has announced that it will cut 50% of the staff within its TV unit. The company also announced that it plans to stop producing TVs at two of its three overseas factories before the end of the current fiscal year. As a result, Toshiba will increase outsource production to 70% from the current 40% level.

Of the 3,000 employees Toshiba plans to eliminate, two-thirds are in China, Indonesia, and Poland. However, the company was not clear which of the trio of those factories would be shut down.

Toshiba's TV arm has been struggling for the past several years, and the poor performance has been blamed on weak global sales and the European economic slowdown. In July, Toshiba announced that it planned to begin cuts that would save $101 million within its television division.
Toshiba hopes that its cost-cutting measures will help its TV unit return to profitability during the second half of the current fiscal year.

Source: Reuters

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That's sad to see :(
By Wolfpup on 10/1/2013 11:34:43 AM , Rating: 2
I hate that these Japanese companies that are typically known for trying to build quality products are struggling :( (Obviously just as I hate that American companies that are struggling)

RE: That's sad to see :(
By Pessimism on 10/1/2013 2:20:12 PM , Rating: 2
They are struggling because nobody wants to pay 200% price for a Japanese made product that has at most a 10% picture quality improvement over a Chinese no-name set.

RE: That's sad to see :(
By piroroadkill on 10/2/2013 5:41:17 AM , Rating: 3
I probably would if I was actually kitting out my new house.

I don't want to have constant reminders of cheap tat around my house.

Does Toshiba Still Build the TVs?
By Slaimus on 9/30/2013 5:22:50 PM , Rating: 2
I thought Toshiba outsources the construction to Compal and the actual panels are sourced from various companies.

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