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Scandal-hit Toshiba says 6800 more jobs to go and loss to hit a record

Major job cuts are coming to Toshiba’s PC, TV, and home appliance businesses in the wake of a major loss. The company earlier this left the North American TV market and licensed its brand to Taiwan’s Compal Electronics for the category in the region.

“Investors have turned their backs on Toshiba after the Japanese electronics and nuclear giant said it will lose a record 550 billion yen (£3.04 billion) this year and will slash another 6800 jobs.”

Read More at London News