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Toshiba to cut 3000 jobs from struggling TV division

Written by Andre Yoskowitz (Google+) @ 30 Sep 2013 23:28 User comments (5)

Toshiba to cut 3000 jobs from struggling TV division 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.

Tags: HDTV Toshiba
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5 user comments

11.10.2013 16:07

This unfortunately is all too often, the precursor to the decline of the biz.

Hope not. Toshiba makes genuinely good quality products.

22.10.2013 17:08

Completely disagree. My #$@$ Toshiba DLP TV (ok it was old) went through a new bulb every 9 months at $200 per bulb. After buying 2 bulbs which died after 9 months, I gave up and just recycled the whole TV, even though all it needed was a new (overpriced) bulb. But at that price and short life, it made more sense for me to buy a new LCD or plasma. I also had a Toshiba laptop die after about a year (just out of warranty). I have other laptops that are still running years after I bought them (even though they are slow now). I won't be buying any more Toshiba products. There are a huge number of online reports of problems with Toshiba products dying prematurely. Good riddance.

33.10.2013 5:16

Toshiba use to make decent tv's and laptops in the 90s they were 1 of the biggest companies in japan. I know i've used the tvs and laptops in the 90s. Don't know wtf they did but i looked at 1 of there lcd tvs a few years ago and it didn't look good,from some of the comments i've seen they have gone downhill with there products badly, could be something to do with products being made outside of japan.

custom built gaming pc from early 2010,ps2 with 15 games all original,ps3 500gbs with 5 games all original,yamaha amp and 5.1channel surround sound speakers,46inch sony lcd smart tv.

43.10.2013 12:45

you know,now that i think of it,i dont know a soul with a toshiba the process of walking thru various electronic stores i have no recollection of seeing a toshiba tv.not that there werent any mind is,to me,not name i associate with tvs anymore.

514.10.2013 10:50

I don't have a new tv yet because my 17ish year old 32" Toshiba is still cranking out a great picture. It is a big hunk of a piece of furniture though. It had PIP but about 10 years ago one of the tuners quit and the repairman said the part was not available. She's been limping along with just one brain left just fine. They do run adds for the new Toshibas, but I don't know how or if they are any good.

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