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Toshiba to Cut 7,000 Jobs over 5 Years

Toshiba to Cut 7,000 Jobs over 5 Years

   Tokyo, Nov. 8 (Jiji Press)--Toshiba Corp. <6502> said Thursday that it will cut 7,000 jobs, or 5 pct of its group workforce, over five years, an additional restructuring measure after the sale of its flash memory unit.
   The major Japanese electronics and machinery maker will withdraw from liquefied natural gas operations in the United States, incurring a related loss of some 93 billion yen for fiscal 2018 through next March.

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AFP-JIJI PRESS NEWS JOURNAL


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