Toshiba Announces Layoffs and Divestitures in New Five-Year Plan


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

To see the rest of this post, please view membership options or log in to your account below.


error: Alert: Content is protected !!