Toshiba – To cut 7,000 jobs in PC and TV units

Japan’s Toshiba Corp (6502.T) said on Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal, in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy.

Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job cuts spanning the entire PC-to-nuclear company could be over 10,000 including previously announced cuts and those seeking voluntary early retirement.

Chosen excerpts by Job Market Monitor. Read the whole story at Toshiba to cut 7,000 jobs in PC and TV units, sees full-year loss | Reuters