Toshiba to cut costs in TV business

In Industry News On

Toshiba announced today that it is set to cut a combined 10 billion yen (£65 million) in costs in its television and PC businesses to March 2014 and double that cut back figure the following year because of weak demand in these areas.

The Japanese company also told of its plans to move 400 staff from its domestic TV and PC businesses to its social infrastructure arm amongst other segments during this fiscal year, following the break up of its Digital Products company into three divisions.

Toshiba’s TV business has been producing loss for the past two years due to weakened global sales, partly reflecting a slowdown in Europe, and a drop in domestic demand following a short-lived boost from a switch to digital broadcasting. The PC market has also been hit by the rise of smartphones and tablets.

The company said it would now focus its TV business on emerging economies and expanding their high-end LCD TV range, hoping that TV sales in the emerging markets will account for approximately 40 percent of their total revenue.

You may also read!

Majority of UK businesses concerned over Delta variant delay

With Prime Minister Boris Johnson expected to announce an extension to UK lockdown restrictions this evening, in response to

Read More...

Hughes Electrical supports Great Yarmouth vaccination centre

People in Great Yarmouth will now be able to watch health promotion messages during the observation period after their

Read More...

Sony to develop sustainable packaging

Sony Group Corporation and Sony Corporation have developed ‘Original Blended Material’ an environmentally conscious and sustainable paper material made

Read More...

Mobile Sliding Menu

©2021 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY
open