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Toshiba Announces Largest Deficit in Its History Restructuring of 7,800 employees announced
Toshiba Corp President and CEO Masashi Muromachi bows at the start of a press conference at the company headquarters on December 21, 2015, Tokyo, Japan. Toshiba announced a restructuring plan to cut 6,800 employees from its consumer electronics operations and sell its TV and washing machine manufacturing plant in Indonesia to Skyworth, a Hong Kong-based TV maker. The company expects a net loss of around 550 billion yen ($4.53 billion) during its fiscal year ending in March 2016. (Photo by Rodrigo Reyes Marin/AFLO)
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32213157
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21-12-2015
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