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Toshiba To Axe 7000 Jobs; Exit PC, TV Business

Toshiba has announced that as part of its restructuring plan, it will lay off 7,000 employees and sell its Indonesian TV plant

By Martin Blanc

Toshiba Corp. (USA) (OTCMKTS:TOSYY) has announced that it will lay off almost 7,000 employees, in a bid to make up for losses and streamline its business in the chip industry, and nuclear energy space.

Furthermore, the company reported that it will sell its television manufacturing plant in Indonesia, further adding to the planned job cuts in its PC-to-nuclear transition. Around 10,000 employees are expected to lose their jobs at the company.

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