Toshiba – To cut up to 7,000 jobs

Toshiba Corp is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported.

Most of the 6,000-7,000 job cuts will be in the company’s lifestyle segment, which includes consumer appliances, the newspaper said.

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.

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