Toshiba’s Philippines expansion to create 3K jobs – Recto
Japanese firm Toshiba’s planned expansion of its hard disk drive manufacturing operations in the Philippines is projected to generate 3,000 additional jobs for Filipinos, further strengthening the country’s role in the global data storage supply chain, Executive Secretary Ralph Recto said yesterday.
Japanese electronics company Toshiba plans to expand its hard disk drive manufacturing operations in the Philippines, potentially creating 3,000 new jobs for Filipinos, Executive Secretary Ralph Recto announced on Thursday. Recto discussed the expansion with Toshiba's senior executive vice president, Koji Ikeya, during a meeting at Malacañang.
The company's expansion is seen as a positive development for the Philippines, as it further cements the country's position in the global data storage supply chain, according to Recto. Ikeya emphasized the strategic importance of the Philippines to Toshiba's global operations, indicating the company's commitment to further expanding its manufacturing presence in the country.
Recto hailed Toshiba's move as a "vote of confidence for the Philippines," highlighting the government's readiness to collaborate with Toshiba and other investors to turn the expansion plans into new factories, increased investments, and better-paying jobs for Filipinos. Recto stressed that attracting high-technology manufacturing is crucial to President Marcos' vision of positioning the Philippines as a competitive hub for artificial intelligence, advanced manufacturing, and other future industries.
The executive secretary emphasized the government's desire to capitalize on this investment, with the Luzon Economic Corridor being a key platform for attracting advanced manufacturing and technology investments to the Philippines.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
