Toshiba to cut 900 jobs in PC restructuring



Japan’s Toshiba Corp said it would cut 900 jobs in a restructuring of its PC business that will include an exit from business-to-consumer operations in some regions. 

The Japanese electronics conglomerate expects the PC restructuring to cut operating profit by 45 billion yen ($414 million) but did not change its earnings forecast for the current year to March, as better-than-expected earnings in electricity and other operations offset the impact. 

Toshiba said the job cuts, to be carried out during the current financial year, were expected to cut fixed costs by more than 20 billion yen compared with 2013/14. 

Filed in: Business

Related Posts

Bookmark and Promote!

© 2019 ItVoice | Online IT Magazine India. All rights reserved.
Powered by IT Voice