21 February 2019

Toshiba may close TV manufacturing plant in China, Sina says

Japan’s Toshiba Corp. will close two of its three television manufacturing plants in China, Indonesia and Poland by March 2014, the Sina Technology website reported Monday, citing a company statement. The company also said it will cut the number of employees in the TV business by 50 percent, or about 3,000. The business has been incurring losses for the past two years, and the company in July announced plans to cut costs by 10 billion yen (US$101 million) in its TV and personal computer units, the report said.

– Contact HKEJ [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe