Toshiba cuts 3,000 jobs from struggling TV division, will close two production facilities

The TV market hasn't been kind to manufacturers as of late, and Toshiba is the latest company making cuts to counteract weak performance. Its underperforming TV division will be slashed by 50 percent (around 3,000 jobs). But trimming its workforce down isn't enough; Toshiba will also halt production at two factories by the end of this fiscal year and bump up outsourced production to 70 percent. ...

via Tech News Headlines - Yahoo! News http://www.theverge.com/2013/9/30/4788100/toshiba-cuts-3000-tv-jobs-closing-two-production-facilities