back to article Toshiba to shed 4,000 jobs as part of revitalization plan

Toshiba says it will cut up to 4,000 jobs within Japan, a number that accounts for six percent of the company's national workforce, by offering early retirement packages. The layoffs are being made amid a corporate restructuring that follows a delisting and a $13 billion change of ownership to Japan Industrial Partners. In …

  1. elsergiovolador Silver badge

    Poison

    That makes it look like the 4,000 worker were the poison.

    It's almost always "we'll get rid of the workers and company will be good again". Totally nothing to do with the board, management, shareholders putting pressure. It's the workers, the scroungers, eating away the profits...

  2. Steve Davies 3 Silver badge
    Boffin

    Time to cull the BOD

    After all, aren't they mostly old men well into their dotage?

    What's bad for thee is good for me. (or words to that effect)

  3. Doctor Syntax Silver badge

    "According to Shimada, the early retirement plan targets those aged 50"

    That's Tario Shimada, currently aged 57 according to a Toshiba press release. Is he fixing himself an early retirement plan or doesn't it apply to him?

    1. Pascal Monett Silver badge

      Of course it doesn't apply to him.

      He's part of the elite . . .

  4. Pete 2 Silver badge

    Atten-hut!

    > Toshiba to shed 4,000 jobs

    As in garden shed? Sounds like a working at home strategy to me.

    1. spold Silver badge

      Re: Atten-hut!

      ....company benefit - when you 50 you get shed!

  5. This post has been deleted by its author

  6. spold Silver badge

    New company haiku

    our accounts were fucked

    one hundred years will pass by

    now four thousand fall

    [btw for extra points I originally had "die' as the last word - but changing it to ""fall" avoided the rhyme with "by" and introduced a seasonal reference (as in "fall" = autumn in left-pondian)]

    1. Lurko

      Re: New company haiku

      Quality work, sir.

      Of course it wasn't just "faulty accounts", most of the 2015-16 accounts issue were specifically the implosion of Westinghouse as a consequence of cost overruns on a couple of nuclear power contracts in the US, and the liabilities and mis-statement of accounts were so large that Toshiba leadership had to break up the group to avoid bankruptcy.

      Amongst the problems facing Westinghouse were a whole range of QA problems that sound suspiciously similar to those currently reported of a well known US civil aircraft maker, although the full panoply of other nuclear construction problems featured. Curiously enough, the problem contracts were under negotiation at the time Toshiba bought Westinghouse. So whilst the problems had yet to occur, Gordon Brown (better know for his poor economic stewardship) actually ensured that UK taxpayers avoided the costly consequences. I suppose even a broken clock is right twice a day.

      1. Bebu Silver badge
        Windows

        Re: New company haiku

        "Gordon Brown ... I suppose even a broken clock is right twice a day."

        The current horological masterpieces are rigtht all day, every day.,, no not chronometers just stuck on 5 to 11 and the rest of the world is wrong.

  7. Pascal Monett Silver badge

    "early retirement packages"

    Well at least they aren't just throwing them out.

    Japan still has a semblance of recognition for decades of work and loyalty.

    No doubt that, in the next few decades, they will join the more "enlightened" likes of Musk & Co, who consider employees like tissues, to be sneezed in and discarded when used . . .

    1. Anonymous Coward
      Anonymous Coward

      Re: "early retirement packages"

      I aspire to be more like that other product you have a good sneeze into - the rubber johnny.

      Dispensing with my services leaves the company with 20 years of expense and problems.

  8. Anonymous Coward
    Anonymous Coward

    "EV semiconductors, AI products, renewable energy equipment and quantum technology"

    Start with easy one - quantum technology.

  9. Grunchy Silver badge

    Good Riddance

    My T1600 is completely and utterly dead, there's no fixing this damn thing. There's like ONE GUY who dares to deal with this crap.

    https://youtu.be/WVX_wsD75kw

    I don't care anymore, I'm ripping out all the Tosh guts & updating with touchscreen, lithium battery, and motherboard or whatever.

    Any help from Toshiba? Are you joking me? NO!

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like