Resource investment plan

Achieving the goals of the mid-term business plan, particularly in IT and components, calls for Toshiba to execute capital expenditures and investments of 350 billion a year on a consolidated basis. The company will also invest more than 350 billion a year in R&D on a consolidated basis in order to maintain superior competitiveness in the next-generation products and technologies that will fuel expansion in coming years.

Although Toshiba will allocate additional human resources to growth business fields, when necessary, the number of employees of Toshiba and Toshiba Group in Japan will be reduced by 8,500 by the end of March 2003. This will be achieved through natural attrition and supported by enhanced operating efficiency through IT. The number of Group employees in overseas operations is expected to increase in line with expansion of international business.


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