Toshiba cut 7,800 jobs following accounting scandal

Toshiba cut 7,800 jobs following accounting scandal ,

the consumer electronics division of Toshiba's struggling. former President and CEO of Toshiba Hisao Tanaka resigned six months ago today, following a disclosure that the company had declared $ 1.2 billion in false profit. The fallout from the scandal hit directly employed today as part of a "revitalization action plan." Toshiba is cutting 7,800 jobs in total as part of a major restructuring of the Japanese technology firm, most affecting employees of the electronics division mainstream of society.

Toshiba is now seeking to offload some of its divisions, including its health care products and PC. Toshiba activity seems to reluctantly on its TV division, but he plans to end all sales outside Japan and licensed its brand overseas. Toshiba did this in Europe and North America for a while, but it is the television business in Asia will now move to this model.

in addition to the job cuts and adjustments of the division, Toshiba says the changes will contribute to a loss of $ 4.5 billion for the fiscal year that ends in March. This is a major loss that highlights Toshiba challenges faced as he attempts to realign TV, PC, and health care companies next year.