Japan's Toshiba plans to shutter two plants, at cost of 2,000 jobs
AFPTOKYO--Japan's Toshiba said Monday it would shut or sell two of its three wholly owned overseas television plants in the next six months, shedding 2,000 jobs.
October 1, 2013, 12:09 am TWN
The company, which has already ceased domestic production of television sets, said it will “integrate” its manufacturing facilities in China, Indonesia and Poland by the end of March 2014.
The company has not officially decided which one should survive, a Toshiba spokesman said, adding two of the three plants would be sold or shut down.
The Nikkei business daily reported the Indonesian factory could stay because of its high production efficiency.
Of the 3,000, 2,000 jobs will be abroad while 1,000 will be in Japan, the spokesman said. The 1,000 workers in Japan will be relocated within the Toshiba group.
Toshiba shares were down 0.22 percent at 444 yen in Tokyo afternoon trade while the benchmark Nikkei index was off 1.45 percent.