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Friday April 24, 02:16 PM
Toshiba Cuts Staff As TV Jobs Go To Poland

By © Sky News 2009

Toshiba Cuts Staff As TV Jobs Go To Poland
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Toshiba has announced it will lay off 270 television manufacturing staff as it shifts production from Plymouth to Poland.

TSE1.BE - news) " title="More on Toshiba">The electronics firm said its decision to centralise European TV manufacturing had come as part of a global review of its operations.

The move will see production of TV sets cease at the Plymouth plant by the end of August.

About 50 of the 320 workers currently employed at the site will remain with the company in a different role.

Toshiba have started a consultation process with the unions.

The Japanese giant last week announced it would be cutting 3,900 global jobs amid its worst ever annual loss amid the global economic slump.

The recession has slashed demand for the semiconductors used in electronic gadgets, hitting the earnings of businesses across its sector.

Net loss for the electronics and engineering group hit 350bn yen (£2.3bn) in the last financial year - even worse than the 280bn yen (£1.9bn) shortfall it had predicted in January.

Toshiba had already laid off 4,500 temporary workers in the year to March as Japan's recession deepened and exports slumped.

Last month it named a new president - the latest in a series of Japanese boardroom shake-ups prompted by a deepening economic downturn.

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