Toshiba announces 7,000 job cuts

Posted on 22nd Dec 2015 | 1007 views

4 avg. rating (80% score) - 1 votes

Japan's Toshiba Corp announces that it will cut 7000 consumer electronics jobs after a $1.3 billion accounting scandal. Due to restructuring costs, Toshiba expected to sell its television manufacturing plant in Indonesia and job cuts will be 10000 including the previously announced cuts and those seeking voluntary retirement.

Toshiba announces 7,000 job cuts

Toshiba expected a net loss of around 550 billion yen ($4.53 billion) in this fiscal year ending in March. Because of the accounting problems, Toshiba's stock has fallen about 40% in early April. "By implementing the restructuring plan, Toshiba would like to regain the trust of all stakeholders including shareholders and transform ourselves into a robust business," mentioned in a statement.

0 Comments on Toshiba announces 7,000 job cuts

Comment as a guest:

POPULAR POSTS

Appointment letter Format

26th Jun 2018

Top 10 facts why you need a cover letter?

08th Jun 2018

Are you looking for a job in Event Management?

28th May 2018

Pharmaceutical job opportunities on rise in Gulf

23rd May 2018

MNC Vs Startup: Are you Confused to Choose between?

09th Aug 2017

Perspectives of Unemployment in India

01st Jul 2013

Have your Say!

View All

Did your internship during college help you in your job?


Yes

No

I did not participate in an internship

Vote

Press Corner

View All

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status