Toshiba plans to cut 6,800 jobs as it forecasts a record loss

The Japanese industrial group forecasts a record loss of 550 billion yen

21st December, 2015
Toshiba is planning to cut 6,800 jobs in its lifestyle division

Toshiba forecast a record 550 billion yen (€4.2 billion) loss for the current fiscal year following an accounting scandal and plans for job cuts and restructuring businesses that include televisions, personal computers and home appliances.

The industrial group plans 6,800 job cuts in the lifestyle division and also to sell its television factory in Indonesia. The company will also shut and sell its research complex in suburban Tokyo.

Toshiba is narrowing the scope of its business lines...

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