Toshiba, A Japanese electronics firm that produces a wide-range of products from kitchen appliances to high-end medical systems is likely to befall a similar fate as that of Blackberry and LG.

The Japanese based firm is halving the number of employees employed in its TV division to cut the costs and to achieve the number one goal of any organization – Survival. The reform came about after the company encountered an immense loss of 16.3bn yen ($166 million) last year.

Toshiba, though being established before its major competitors primarily Samsung and Panasonic, it is unable to improve its profitability or possess the resources that these firms possess. Toshiba is taking a giant leap of cutting sales in “unprofitable regions” such as in the European nations, making about 3000 employees redundant.
Toshiba believes that their new range of ultra high-definition (HD) 4K LCD TVs will bring them back to profitability and possibly bring up their share price from the drastic fall in its value in the past two months as illustrated by the chart below.

However Samsung and Panasonic recently released similar televisions into the market. So the question remains, will this withdrawal from the European nations be a boon or a bane for Toshiba?

Article Source: http://www.bbc.co.uk/news/business-24327491

Figure 1 Source: http://onetechcomputers.com/wp-content/uploads/2013/07/Troubleshooting-common-issues.jpg

Figure 2 Source: https://www.google.ca/finance?q=TYO%3A6502&ei=PI1KUvDOH8W5iwL2twE                                                                     As per:- 8:54 AM Tuesday, October 1, 2013 (GMT)