Toshiba to Slash 7,000 Jobs
Economy, Sci & Tech

Toshiba to Slash 7,000 Jobs

Toshiba Corp. plans to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal. Most of the 6,000-7,000 job cuts will be in the company's lifestyle segment, which includes consumer appliances, Nikkei reported.
Toshiba is also looking to "drastically" reduce operations at its Ome factory, Tokyo, which makes televisions and personal computers, and is considering stopping developing televisions altogether, according to the report. The Japanese conglomerate's chief executive, Hisao Tanaka, and a string of other senior officials resigned in July in the country's biggest accounting scandal in years.
An independent inquiry had found that the CEO had been aware the company had inflated its profits by $1.2 billion over a period of several years. Toshiba could not immediately be reached for comment outside regular business hours.


Short URL : http://goo.gl/ke7NIk
  1. http://goo.gl/VUsj85
  • http://goo.gl/cVhf8F
  • http://goo.gl/rEgB02
  • http://goo.gl/RY6zfP
  • http://goo.gl/m1wYGm

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...