based in japan Electronics manufacturer Toshiba will lay off 5 thousand employees, which is 7 percent of the number of employees in the country.
Kyodo According to the news agency, based on company sources, Toshiba plans to reduce the number of personnel by restructuring.
Planning to focus its equity resources on growth areas such as infrastructure, energy and digitalization, Toshiba decided to lay off 5 thousand personnel in the country.
Japanese company, It will start negotiations with the labor union in early May to determine how many positions will be laid off in each business unit.
Labor contract Most of the personnel to be terminated will be administration and back office employees, and priority will be given to “voluntary retirement” offers.
As of March 2023, the company has approximately 67 thousand employees in the country. Those to be laid off correspond to 7 percent of the total number of personnel.
Toshibaannounced a net loss of 107 billion yen ($691 million) in the 9-month period ending in December 2023 due to the weak performance of its companies.
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