Taiyo Yuden announced that it will implement several structural reforms at its That’s Fukushima subsidiary, which manufacturers recordable CD (CD-R), DVD (DVD±R) and Blu-ray (BD-R) discs.

According to the statement, in addition to transferring employees to other positions within the larger Taiyo Yuden Group, That’s Fukushima will cut its workforce by 150 by the end of September 2013.

The company forecasts the move will cost ¥700 million (US $7.2 million) and plans to declare it as an extraordinary loss in the second quarter of its fiscal year ending March 2014.