Toshiba will cut about 4000 jobs, plans to move some office functions to this city – Times of India ...Middle East

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Toshiba will cut about 4000 jobs, plans to move some office functions to this city – Times of India
Toshiba has announced that it will cut up to 4,000 jobs domestically as a part of the Japanese conglomerate accelerates restructuring efforts under new ownership. The job cuts represent 6% of Toshiba’s local workforce.Toshiba delisted from the stock market in December after a $13 billion takeover by a consortium led by Japan Industrial Partners (JIP), essentially ending a decade of challenges for the company, news agency Reuters reported.Once a giant employer in Japan, Toshiba has been mired with management issues and scandals, including a hefty fine for accounting irregularities and the sale of its memory chip business, Kioxia, to cover nuclear power plant losses.Th

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