Japanese electronics manufacturer Toshiba announced an increase in redundancy programs by 30%, due to the mass sale of assets. It is reported by business publication Nikkei.
Toshiba initially intended to eliminate about 10,840 workstations worldwide. However, in reality, 14,450 people were laid off: 8430 - 6020, and in Japan - in other countries.
Approximately 25% of laid-off employees left the company as part of the program for early retirement, which could benefit under the age of 40 years, employees who have worked in the Toshiba is not less than 10 years.
The largest reduction - 7610 people - occurred in the division Toshiba Lifestyle Products & Services (among other things, engaged in the production of consumer electronics and computers). In the semiconductor companies of 4590 employees were laid off.
Reducing the number of employees in droves cost Toshiba 42 billion yen ($ 386 million), which included costs for benefits and assistance program of new work places for laid-off employees. These costs were taken into account in performance over the last fiscal year ended in late March.
Recall a year ago, Toshiba was at the center of a scandal with inflated revenues, as a result of which the company was forced to change direction and start restructuring involves the sale of assets and a reduction in staff. Previously, Toshiba sold the units for the production of medical devices, image sensors and appliances. Now the fate of the computer business.
