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

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

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.

"We are going to continue to work with them to make sure they understand the reality of the Internet.  A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
Latest Headlines
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM

Most Popular Articles5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
No More Turtlenecks - Try Snakables
September 19, 2016, 7:44 AM
ADHD Diagnosis and Treatment in Children: Problem or Paranoia?
September 19, 2016, 5:30 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Automaker Porsche may expand range of Panamera Coupe design.
September 18, 2016, 11:00 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki