Tokyo Toshiba Corporation (TOKYO: 6502) today announced that it will implement a series of functional reorganizations of its Digital Products business facilities in Japan that will enhance operating efficiency and the performance of its Digital Products businesses, including the LCD TV business. Outside Japan, Toshiba will accelerate the establishment of a global-level development and production system positioned to take full advantage of business opportunities in emerging economies and other high-growth markets on a worldwide scale.
Under this reorganization, Toshiba will carry out the following measures in Japan to enhance the efficiency of design and development, quality and production control and after-sales services.
Employees in Digital Products businesses affected by the reorganization in Japan will in principle be reassigned within Toshiba Group. This will include transfers to divisions involved in emerging economies and value-added services.
Toshiba's Digital Products business operates in a fast-changing global environment that has recently seen significant demand decline in the Japanese TV market, rapid price erosion, significant demand growth in emerging economies and a diversification of devices with the growing popularity of new devices such as tablets. Toshiba constantly monitors these trends and promotes proactive business transformations that allow it to respond effectively to change. Toshiba will continue to carry out business reform that accelerates the establishment of sound business foundations and improved profitability.
Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.