Andre Yoskowitz
30 Sep 2013 23:28
Toshiba has announced today that it will layoff 3000 from its struggling TV division, a full 50 percent of the employees in that division.
In addition, the company will end production at two of its three overseas factories. It was unclear whether its factories in China, Indonesia or Poland would be the ones being closed.
Outsourced production would be increased by 100 percent, and 400 staff members that are being moved to other business units.
Toshiba's TV division has been losing money for two years straight due to weak sales for new devices in Europe and also at home, in Japan. The company recently announced it would cut back over $100 million in costs between its PC and TV divisions in 2013, and then double that figure next year.