Toshiba will reduce 6.8 thousand jobs in restructuring

Moscow. December 21. The Japanese Toshiba will fix a record loss in the current fiscal year due to recent scandal reports, and also will cut jobs and restructured the individual transactions. According to the forecast of the company, its net loss by results Vigoda ending 31 March 2016, to reach a record 550 billion yen ($4.5 billion).

Toshiba will reduce 6.8 thousand jobs in the units for production of TV sets, personal computers and home appliances, said in a press release. The reduction will be about 30% of the global staff of Toshiba.

The company said it may consider alliances with other companies in the units for the production of PCs and consumer technology. She will stop the development and production of television outside of Japan and go to the structure of licenses to produce products under its brand in foreign markets.

In addition, Toshiba will sell its plant producing TV sets in Indonesia, and will also close and sell research complex in the outskirts of Tokyo.

The company’s shares at the end of trading in Tokyo on Monday fell by 9.8%. Toshiba capitalization fell by about half to $9 billion over the past eight months due to the outbreak of the scandal surrounding her mistakes in reporting.

In October, Toshiba sold the business for the production of photosensitive matrices, a Japanese company, Sony Corp.

Toshiba, whose history can be traced back to 1875, works in the field of electrical engineering, electronics, energy and medical equipment.