Audio equipment manufacturer Onkyo To reduce the number of employees in the audio department by 30% on November 11 at 20:07
Onkyo, a sound equipment manufacturer that has fallen into a poor business, has decided to reduce the number of employees involved in this department by 30% and to streamline its management because the sale of the home audio business has been suspended. Announced.
“Onkyo,” headquartered in Osaka, has been in the final deficit for the fifth consecutive year until Ototoshi, and in order to revive its management, in May, the home audio business was sold to an American audio equipment company. Agreed.
However, since it became difficult for both parties to meet the conditions of the contract, the company discontinued the business last month and was forced to review its strategy.
For this reason, Onkyo has announced a policy to streamline and reduce the number of employees in this division by 30% in order to continue the audio business.
In order to further reduce costs, the headquarters in Kitahama, Osaka will be closed and consolidated into a newly established base in Higashi-Osaka City together with two technical departments that were dispersed in Osaka and one in Tokyo. .
Onkyo intends to strengthen its business of manufacturing speakers for home appliance manufacturers and automobile manufacturers that will lead to stable earnings while continuing the home audio business.