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Toshiba to cut 6,800 jobs, focus on storage and energy

Mike Gee | Jan. 4, 2016
The plan follows the revelation of a financial scandal in July.

(1) Measures to secure financial platform

The company will set firm rules on limits to investments and make resource allocations based on the redefined business portfolio and in those business domains that will generate cash. Under this policy, the company will focus its FY2016 investments on the Energy and Storage businesses, and limit investments in other areas to refurbishment. Toshiba will also reinforce management of interest-bearing debt on a consolidated basis by the in-house companies so that it will be able to reduce interest-bearing debt.

(2) Sales of assets

・Toshiba will also thoroughly review the assets it holds, such as stocks and real estate, and
their necessity, and consider selling them off, without any restrictions.

 

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