Toshiba to cut costs by $3.5 bln - News - Muzi.com

Set Home|Subscribe|Premium Home|MyMuzi

Muzi.com : Muzi (English) : News
Toshiba to cut costs by $3.5 bln

Last updated: 2009-05-24

Toshiba to cut costs by $3.5 bln
2009-05-24

Company
Toshiba Corp
Hitachi Ltd.
Source
(AFP)

TOKYO (AFP) - Japanese electronics giant Toshiba plans to reduce fixed costs 10 percent more than previously announced, a news report said on Sunday.
It will cut costs 330 billion yen (3.5 billion dollars), which should allow it to secure an operating profit of 100 billion yen in the 2009 fiscal year which runs to March 2010, the Nikkei business newspaper said.
Toshiba, which posted an operating loss of 250 billion yen in fiscal 2008, is one of many major Japanese electronics firms that suffered a slump in sales due to the global slowdown.
Sony said Thursday that it would cut its number of suppliers by more than half to reduce procurement costs by 5.3 billion dollars a year.
Hitachi also plans to cut such expenses by 200 billion yen, Nikkei said.

Toshiba Corp
Profile2 News186 Gallery1 Links

Microsoft unveils line of Windows phones (2009-10-06)
Toshiba launches Blu-ray after DVD setback: report (2009-07-19)
Japanese corporate spend seen in record decline (2009-06-08)
Toshiba to cut costs by $3.5 bln (2009-05-24)
Toshiba, Sharp mull 'solar power tie-up' (2009-03-27)
VW plans to boost share of shrinking auto market (2009-03-02)
World stocks mostly rally on Citigroup report (2009-02-23)
Samsung unveil first solar-powered phone (2009-02-16)
Electronics company Pioneer to cut 10,000 jobs (2009-02-12)
Nissan to slash 20,000 jobs and sees annual loss (2009-02-09)
Panasonic to cut 15,000 jobs, axe dozens of plants (2009-02-04)
Sony making video bifocals and bendable televisions (2009-01-09)
Samsung bid for SanDisk shows memory market woes (2008-09-18)
Media group to create new digital video "ecosystem" (2008-09-12)
Blu-ray DVD format may not dominate for years (2008-06-01)
Russia, U.S. to sign civilian nuclear pact: source (2008-05-06)
Neil Young to release archive on Blu-ray discs (2008-05-06)
"Kung Fu Panda" gets early raves from analysts (2008-04-13)
Blu-ray disc awareness on rise: survey (2008-04-03)
Intel rolls out Atom chips at Shanghai tech forum (2008-04-02)
DVD failure to cost Toshiba nearly a billion dollars (2008-03-13)
Pioneer to stop making plasma panels (2008-03-07)
Toshiba to open up U.S. nuclear power business (2008-03-06)
Fuel cells make power for homes in Japan (2008-03-03)
Sony to own one-third of Sharp's $3.5 billin LCD plant (2008-02-26)

Related People
Paul Allen
Bill Gates
Steve Jobs

Related Events
2005 Lenovo-IBM PC Deal
Japanese Markets
China-Japan
China-Japan Trade Ties
Asian Markets

Stories Coverages

NewsGuide Event City People Show Company
ENT Sports BIZ EDU Life Military Politics Society Health

[Afghan Terror War]: Obama expects support for more Afghanistan troops (09:08 11/25)

[2008 U.K. Recession]: Britain is last major nation in recession (09:08 11/25)

[2009 Iran Election]: Iran detains scores of students, rights group says (09:08 11/25)

[Large Hadron Collider]: Big Bang machine achieves first particle collisions (09:09 11/25)

[Israel-Palestine]: Israel set to declare settlement limits: government sources (09:08 11/25)

[2008 U.S. Financial Rescue]: Analysis: Fed under fire as public anger mounts (22:49 11/22)

[Sept 11 Terror Attack]: Lawyer: 9/11 defendants want platform for views (22:49 11/22)

[2005 Hurricane Katrina]: 59 and counting: Health care bill nears test vote (12:37 11/21)

[2008 EU Recession]: Europe's recovery will be 'gradual': OECD (08:24 11/19)

[2009 Obama Asia Visit]: Obama meets Wen as China visit winds down (22:06 11/17)

Muzi.com : About | Sitemap | Ads | Contact
All Rights Reserved 1994-2006 - All rights reserved.