You will be redirected back to your article in seconds

GDH trims payroll by 225

Co. to sell GDH Finance to Yayoi

TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000.

The cuts will come from GDH’s toon production subsid Gonzo, which will also trim contract employees for a total work force reduction of 225. Staffers at online game unit Gonzo Rosso will be spared.

Gonzo will be taking applications for early retirements from December 1 to 12, with those accepting the deal to depart the company by the end of January.

In a related restructuring move, GDH announced on Friday that it is selling its GDH Finance subid to the Tokyo-based Yayoi investment group for $2.23 million.

GDH started GDH Finance in December 2005 with a capitalization of $3.15 million, but the contents investment unit has been bleeding red ink for the past three years.  

Launched in 2000, GDH releases toon content under its Gonzo brand. Titles include the “Afro Samurai” TV action series, 2006 hit “Brave Story” action/fantasy feature, which Gonzo made in cooperation with Fuji TV and Warner.

More Biz

  • Roy Price

    Harvey Weinstein Fallout: Entertainment Figures Accused of Sexual Harassment

    TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000. The cuts will come from GDH’s […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000. The cuts will come from GDH’s […]

  • Mark Baker Warner Music Group

    Warner Music Group Names Mark Baker VP of Public Policy & Government Affairs

    TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000. The cuts will come from GDH’s […]

  • Lupita Nyong'o Harvey Weinstein

    Lupita Nyong'o Details Harvey Weinstein's Advances Toward Her in Op-Ed: 'I Felt Unsafe'

    TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000. The cuts will come from GDH’s […]

  • David Blaine Rape

    David Blaine Accused of Rape by Former Model

    TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000. The cuts will come from GDH’s […]

  • Harvey Weinstein Quentin Tarantino

    Quentin Tarantino on Harvey Weinstein: 'I Knew Enough to Do More Than I Did'

    TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000. The cuts will come from GDH’s […]

  • Harvey Weinstein

    LAPD Investigating Rape Claim Against Harvey Weinstein

    TOKYO – Japanese toon house GDH announced plans Friday to trim 50 full-time staffers through early retirements. The cuts amount to 20% cent of GDH’s full-time work force. Staffers who accept the deal will get one month’s pay as a special retirement payment, costing company a total of $126,000. The cuts will come from GDH’s […]

More From Our Brands

Access exclusive content