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A well-known century-old enterprise, large-scale layoffs!

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"Toshiba, toshiba,

Toshiba in the new era. ”

Do you remember?

This Toshiba advertising song from the 80s of the 20th century

December 2023

It has been established for 150 years

Japan's Toshiba Corporation is over

Since 1949

74 years of history as a listed company

A well-known century-old enterprise, large-scale layoffs!

A number of Japanese media have recently reported

Toshiba Corporation is planning

Approximately 5,000 employees were laid off in Japan

This follows Toshiba's delisting at the end of last year

First large-scale layoffs

Statistics show that Toshiba has a total of about 67,000 employees in Japan, and the proportion of layoffs exceeds 7%, mainly for second-line management departments such as the general affairs department of Toshiba headquarters, and the main way to lay off employees is to recruit employees who voluntarily leave the company, and estimates show that the cost of personnel severance is as high as 100 billion yen, or about 4.7 billion yuan.

Detailed plans for layoffs are currently being worked out, and consultations with trade unions are expected to begin in May this year to determine the number of layoffs in each sector.

A well-known century-old enterprise, large-scale layoffs!

Some Japanese media commented that the layoffs can reduce labor costs and allow Toshiba to concentrate resources on promising areas such as infrastructure, energy and the digital economy. However, there are also opinions pointing out that this large-scale layoff is actually a helpless move under poor management.

According to the data released by Toshiba, from April to December 2023, Toshiba's loss reached 107 billion yen (about 5 billion yuan), and the high loss made Toshiba need to adjust its organizational structure as soon as possible and reduce labor costs.

As a long-established Japanese company, Toshiba has a very high reputation in Japanese society, but in recent years, there have been frequent scandals and reports of poor management. In April 2015, Toshiba suffered an accounting scandal and its business conditions deteriorated, and it fell into insolvency.

A well-known century-old enterprise, large-scale layoffs!

Later, in order to improve its financial situation, Toshiba accepted a number of foreign funds to take shares, but the constant contradictions between foreign shareholders and management caused Toshiba to fall into a more chaotic situation, and finally ended its 74-year listing history in December last year and announced its delisting.

At present, Toshiba is stepping up internal reforms, reducing non-core businesses, and has set up a new research center at the beginning of this year to focus on the research of new technologies such as artificial intelligence.

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