IT Home May 16 Newspennslammeriiispinningreel6500, Toshiba saidpennslammeriiispinningreel6500, due to accelerated restructuring under the leadership of its new owners, the group will lay off as many as 4000 people in Japan and merge four subsidiaries into the parent company to cut costs.
Toshiba was acquired by a consortium led by Japanese private equity firm Japan Industrial Partners for 2 trillion yen (currently about 93 billion yuan) and was delisted in December 2023, ending more than a decade of turmoil (the Fukushima nuclear power plant accident caused huge losses for its U.S. nuclear power division, and an accounting scandal was exposed in 2015).
Toshiba's goal is to reach sales of 3.5 percent in three yearspennslammeriiispinningreel6500.75 trillion yen (IT Home Note: Currently about 1,743pennslammeriiispinningreel650075 billion yuan), and operating profit reached 380 billion yen (currently approximately 17.67 billion yuan). Toshiba's latest financial report shows that the company's operating profit for fiscal year 2023 will be 39.9 billion yen (currently about 1.855 billion yuan), which means that it will achieve nearly ten times its current profit in three years.
President Shimada said that since 2015, as the business is sold, it is necessary to appropriately optimize the number of employees. It was a painful decision to keep the company alive 100 years later. In addition, Toshiba will move its headquarters functions from Hamamatsu-cho, Tokyo to Kawasaki City, Kanagawa Prefecture.
Previously, Toshiba had sold its medical device business to Canon, its notebook computer business to Sharp, its white electricity business (referring to products that can replace people's housework, including washing machines, refrigerators, etc., or products that provide people with a higher quality of the living environment, such as air conditioners and electric heaters) was acquired by Midea Group, and its black electricity business (referring to products that can provide entertainment, such as color TVs, stereos, game consoles, etc.) was also bought by Hisense.
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