More bad news for Takara Tomy Merger ...
Thursday, August 25th, 2005 5:26PM CDT
Category: Site NewsPosted by: Seibertron Views: 10,792
Japanese toymakers announce cost-cutting strategies for their upcoming merger
In a press meeting held yesterday, Japanese toy makers Takara and Tomy announced the first specific plans regarding business strategies after their merger on March 1, 2006. The two companies plan on reducing costs by 19 billion yen ($173 million) in the first three years after joining together as Takara Tomy. As a part of the cost cut, Takara and Tomy will lay off 15 percent of their combined workforce by next March, which accounts for 640 employees. Most of the layoffs will be on Takara's side, where there seems to be more redundancy in employee duties.
Read the FULL ARTICLE here at GameSpot.com. You can discuss this here at the Energon Pub message board.
In a press meeting held yesterday, Japanese toy makers Takara and Tomy announced the first specific plans regarding business strategies after their merger on March 1, 2006. The two companies plan on reducing costs by 19 billion yen ($173 million) in the first three years after joining together as Takara Tomy. As a part of the cost cut, Takara and Tomy will lay off 15 percent of their combined workforce by next March, which accounts for 640 employees. Most of the layoffs will be on Takara's side, where there seems to be more redundancy in employee duties.
Read the FULL ARTICLE here at GameSpot.com. You can discuss this here at the Energon Pub message board.
Credit(s): cbff
News Search
Got Transformers News? Let us know here!
Most Popular Transformers News
Most Recent Transformers News
News Categories: Toy News, Movie Related News, Cartoon News, Comic Book News, Site News, Rumors, Event News, Digital Media News, Collectables, Sponsor News, Game News, Site Articles, Store News, Reviews, People News, Company News, Sightings, Press Releases, Unlicensed Products News, Auctions, Transtopia, Interviews, Editorials, Collector's Club News, Knock Offs, Podcast, Heavy Metal War, Contests, Book News, Top Lists
