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Toshiba's TV division in trouble: 50% reduction in staff soon

Toshiba's TV division is in serious trouble, the Japanese giant will cut 50% of its TV staff.

@anthony256
Published Mon, Sep 30 2013 7:37 PM CDT   |   Updated Tue, Nov 3 2020 12:20 PM CST

It looks like another Japanese giant is experiencing trouble, with Toshiba looking to reduce its TV staff by up to 50%. The company will also stop production at two of its three overseas factories before the end of this fiscal year.

Toshiba's TV division in trouble: 50% reduction in staff soon | TweakTown.com

Toshiba has said it will also increase outsourced production to 70%, up from 40%, and reduce the amount of its global staff in the TV division by 3,000 with two-thirds of these positions held overseas. Toshiba hasn't penciled in which two factories would be closed, but we should find that out soon enough.

Toshiba has been experiencing losses in its TV division for over two years now, which is blamed on a slowdown in Europe and a drop in domestic demand for its TVs. I'm sure the huge competition from Samsung doesn't help, either.

NEWS SOURCE:reuters.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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