Tokyo-based label Columbia Music Entertainment said March 14 that it will cut a total of 100 jobs as a restructuring measure to cope with falling sales of CDs and DVDs.

The company will shed 60 regular employees through a voluntary retirement program to be offered between March 17 and 20, while 40 contract workers will be asked to quit upon the expiration of their current contracts. Columbia will book a special loss of ¥300 million ($2.9 million) from the job cut plan.

As of the end of February, the label's workforce, including contract workers, stood at 548 on a consolidated basis.