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

  • Harvey Weinstein and Benjamin BrafmanHarvey Weinstein

    Can Harvey Weinstein, the Poster Boy of #MeToo, Get a Fair Day in Court?

    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 […]

  • Chuck Panama Dead: Longtime Industry Publicist

    Chuck Panama, Longtime Industry Publicist, Dies at 93

    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 […]

  • Bruce Willis and Paul Bloch'A Good

    Remembering Paul Bloch: 'He Wasn't Just a Character, He Had Character' (Guest Column)

    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 […]

  • Ellen Degeneres Racism

    Entertainment Leaders Set to Celebrate Special Olympics 50th Anniversary

    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 […]

  • Lauren Sivan

    Accuser Lauren Sivan Reacts to Harvey Weinstein's Arrest: 'He Should Be in Jail'

    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 […]

  • Netflix Reed Hastings

    Netflix Stock Closes at All-Time High, Nudging Market Cap Ahead of Disney's Again

    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 […]

  • Mario Batali

    Mario Batali's Three Las Vegas Restaurants to Close Following Harassment Allegations

    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