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Toshiba Weighs Axing 5,000 Jobs in Japan
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Toshiba is weighing layoffs of 5,000 employees in Japan, equivalent to about 7% of its total workforce, in order to accelerate group reorganization, Nikkei reported. The layoffs will primarily involve the back-office departments at the headquarters, and the group also hopes to reduce the number of employees through a voluntary retirement program, sources divulged. Toshiba expects to incur a loss of JPY100 billion (USD646 million) in connection with the layoffs, including special additional retirement benefits and transfer services. AAStocks Financial News |
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