Home » Toshiba to cut 5,000 jobs, reported to be just under 10% of domestic employees – Domestic companies cutting jobs again – Bloomberg

Toshiba to cut 5,000 jobs, reported to be just under 10% of domestic employees – Domestic companies cutting jobs again – Bloomberg

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Toshiba to cut 5,000 jobs, reported to be just under 10% of domestic employees – Domestic companies cutting jobs again – Bloomberg

The Nihon Keizai Shimbun reported on the 17th that Toshiba has entered into adjustments to reduce domestic employees by 5,000 people.reported. The targets are mainly indirect departments at the head office, which account for just under 10% of the domestic sector.

According to reports, this will be included as a pillar of profit improvement in the medium-term business plan scheduled to be announced in May. Toshiba has approximately 67,000 domestic employees, which it says will be the largest reduction in personnel since accounting fraud was discovered in 2015. The company is seeking voluntary retirement, and is expected to incur an extraordinary loss of 100 billion yen.

Toshiba’s public relations staff stated that the report regarding the reduction in personnel was not an announcement made by the company, and that the company is currently formulating its next medium-term management plan, but that no specific measures have been decided at this time. I commented.

Toshiba’s financial results for the April-December 2023 period announced in February showed a net loss of 107 billion yen. The loss due to equity method gains and losses from KIOXIA Holdings had an impact.

Toshiba was acquired last year for approximately 2 trillion yen through a takeover bid by a coalition led by Japan Industrial Partners (JIP), and was delisted in December of the same year. The alliance includes names such as Roam and Oryx.

During this year’s spring labor union, record wage hikes continued, especially at large companies, while an increasing number of domestic companies are cutting staff. Konica Minolta announced on the 4th that it will cut 2,400 jobs domestically and overseas, and Shiseido, Omron, and the Sony Group have also announced restructuring plans, raising concerns about the impact on the economy.

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