Toshiba's ailing television division will soon cut its staff and cease production at two factories, the company announced Monday.
Toshiba plans to cut 50 percent of staff in its television division, eliminating 3,000 jobs in the process (PDF). In addition, Toshiba will close two of its three TV-production facilities in China, Indonesia, and Poland. Toshiba didn't say which facilities will close.
Like several TV makers, including Panasonic and Sony, Toshiba has had trouble attracting customers to its products. The company has lost millions of dollars in its TV division and expects to also get hit hard in … Read more