Toshiba Corp (6502.T) may lay off staff in its underperforming home appliances, TV and PC businesses and seek partnerships for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said on Thursday.

“The latest accounting problems might have been driven by the fact that some of our businesses have lost earnings power. We must urgently take action in these businesses,” Chief Executive Masashi Muromachi told a roundtable of reporters.

As part of its overhaul, Toshiba has launched a new management team, which won approval from shareholders on Wednesday.

(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲