Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Toshiba to close 3 semiconductor plants in Japan

Technology Nov. 30, 2011 - 04:30PM JST ( 15 )

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15 Comments

1

some14someNov. 30, 2011 - 04:59PM JST

Good for Toshiba, increase your profits and let God look after laid off workers.
1

MrEditNov. 30, 2011 - 05:36PM JST

Yes, I agree and all the profits will go to CEO and executives.
3

アメリフセインNov. 30, 2011 - 05:41PM JST

Damn! With no one employed how will anyone be able to buy anything? The top 1% only look after themselves don't them?
1

Ranger_Miffy2Nov. 30, 2011 - 08:56PM JST

I really feel for the suddenly laid off. No doubt, they had been working hard for Toshiba. I was often amongst this group.
2

GWNov. 30, 2011 - 09:43PM JST

okimike,

perhaps the societies where these companies operate & MAKE THEIR $$$ shud do likewise & REAM the hell out of corporate thieves who mostly take take take, its a 2way street pal, if the companies dont like then they can get the hell out. Might be kinda hard for them to find a country willing to let them roost with your kinda attitude, if thats it, then screw them!
1

Jackson LoNov. 30, 2011 - 09:51PM JST

Yup, nevermind that you received a check for however number of years...if you were fiscally disciplined as individuals and aren't a complete moron, then you'll do fine. The ones that got by all these years, you have something (nothing) coming to you.
-2

herefornowNov. 30, 2011 - 11:13PM JST

And the hallowing out of Japan continues. The inevitable result of relying too heavily on exports for too many years, and refusing to make the structural changes needed to make the Japanese domestic economy more efficient and competitive.
-1

Jared NormanNov. 30, 2011 - 11:28PM JST

i guess the extra money will be nice for the ceo, maybe he will use this as an opportunity to scam off investors for more money just like olympus
1

globalwatcherDec. 01, 2011 - 01:07AM JST

Toshiba last month announced net profit in the six months to September had dropped 18.5%,

Wow, a big drop, not good. Keep it mind a semiconductor industry a barometer of economic health. Hope J.gov is really working seriously on job creation and GDP growth.
2

NovenachamaDec. 01, 2011 - 05:03AM JST

To make it short and sweet, I admire and commend Toshiba for reacting quickly and aggressively to meet the downturn by cutting cost and improving cash flow. As the market begins hopefully to turn back up in the future, Toshiba has now showed great restraints against adding production in order to avoid any over capacity situations. This will probably allow the company to recapture their pricing power to boost profitability. But beyond the capacity management, the profitability rebound will reflect a more fundamental shift in the competitive structure of the global semiconductor business and as Toshiba continues to focus on specific market segments with high quality electronic consumer goods they should do fine. However many companies have eschewed the broad-line model while Toshiba's strategy has probably helped to gain greater efficiency and profitability and should be a source of pride for them that with great management and shrewd strategic thinking comes growth and success.
-2

Hide SuzukiDec. 01, 2011 - 07:22AM JST

What's wrong with Toshiba closing down factories ? They are doing what they can for the company to survive. Also, this is Japan, executives here don't make ridiculous salaries like they do in America. 1%-99% things are american thing, here in Japan, most people are middle class
1

アメリフセインDec. 01, 2011 - 04:59PM JST

@Hide Suzuki

Correction, most the people in Japan are lower middle class. Still, better than the income divide in the US.
-3

BlueWitchDec. 01, 2011 - 07:40PM JST

My husband works for Texas Instruments, the semiconductor plant here in Ibaraki and hopefully it won't be closing anytime soon... (-_-) Still, I feel bad for the Toshiba laid off workers. How awful~

@Hide Suzuki

Middle class? More like semi-poor middle class to me. The filthy rich are the politicians and those executives, CEOs and whatnot at the top of those huge companies. The rest of us have to work to death in order to bring food to the table. and we are talking about your common Japanese person here. Ditto for the Foreign community. The "middle class" died with the Bubble Era, remember?

I still treasure the enormous kimono collection my mother left me from that "bubble era" but if things get worse and my husband gets laid off or something, I will SELL them all and make sure I have food on the table. (^_^)
1

zichiDec. 01, 2011 - 07:56PM JST

BlueWitch,

the new class is the "Working Poor".

Many years ago, I worked with Texas Instruments in the heavy chemical industry.
0

JKatsDec. 02, 2011 - 12:48AM JST

Unimaginable situation of laid off employees... so sad..!!! :(