Toshiba may lay off TV and PC workers
- 9 years ago
Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek a partner for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said.
We must urgently take action in these businesses," chief executive Masashi Muromachi told a roundtable of reporters.
Muromachi said that the restructuring steps may temporarily hurt the company's capital base, already weak compared with rivals such as Hitachi Ltd.
"The environment for the nuclear business is tough in Japan, and we need to address various issues to meet revised US regulatory rules," he said.
Analysts have long speculated that the value of assets and goodwill related to Toshiba's 87% stake in US nuclear unit Westinghouse Electric has been overstated, though the company has insisted that there is no need for a writedown at least for now.
We must urgently take action in these businesses," chief executive Masashi Muromachi told a roundtable of reporters.
Muromachi said that the restructuring steps may temporarily hurt the company's capital base, already weak compared with rivals such as Hitachi Ltd.
"The environment for the nuclear business is tough in Japan, and we need to address various issues to meet revised US regulatory rules," he said.
Analysts have long speculated that the value of assets and goodwill related to Toshiba's 87% stake in US nuclear unit Westinghouse Electric has been overstated, though the company has insisted that there is no need for a writedown at least for now.