Toshiba Corp to cut 5,000 jobs in Japan, downsize non-core businesses: Report
Toshiba Corp. is planning to cut 5,000 jobs or roughly 10 per cent of its headcount in Japan, the Nikkei reported.
The Tokyo-based company is downsizing non-core businesses and will book a one-time cost of roughly ¥100 billion ($650 million) as a result, the Nikkei reported.
Toshiba, once one of the Japan’s biggest employers, has been trying to cut costs in its operations and focus on its infrastructure and digital technology business.
In recent months, companies including cosmetics brand Shiseido Co., thermometer maker Omron Corp. and photocopier maker Konica Minolta Inc. have announced job cuts.
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Published: 17 Apr 2024, 06:44 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.