Toshiba Announces Layoffs and Divestitures in New Five-Year Plan

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Toshiba Corp. has announced a new five-year strategy that cuts jobs, sheds assets, and buys back the company’s own stock. The 143-year-old Japanese conglomerate said the restructuring plan separates the company from troubled businesses and shores up long-term profitability. The November 8 announcement boosted Toshiba shares by 13 percent. The company is trying to recover

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