TOKYO — Toshiba Tec plans to close units marketing point-of-sales systems and cut jobs in the business at a cost of roughly 2 billion yen ($18.4 million) this fiscal year.
The subsidiary of Japanese conglomerate Toshiba will accelerate reorganization efforts to deal with shrinking investment by U.S. retailers and unfavorable exchange rates.
Toshiba Tec will shut down eight or nine POS system sales units in Europe as well as Central and South America. The move follows the closing last fiscal year of eight locations in Europe, South America and Asia, which decreased the global network to 36 sites.
The company will also consider shedding over 100 jobs, mostly in the POS solutions business it acquired from IBM in 2012. Efforts will b…
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