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(Update) Toshiba to Cut Maximum of 4,000 Jobs

(Update) Toshiba to Cut Maximum of 4,000 Jobs

   Tokyo, May 16 (Jiji Press)--Toshiba Corp. said Thursday it will cut up to 4,000 jobs as part of efforts to raise the ratio of operating profit in revenue from slightly over 1 pct at present to 10 pct in fiscal 2026, which ends in March 2027.
   The Japanese electronics and machinery maker will offer buyout packages to a maximum of 4,000 employees aged 50 or over by the end of November this year.

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AFP-JIJI PRESS NEWS JOURNAL


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