Toshiba will cut 4000 jobs, plans to move some functions to this city
Toshiba to cut 4,000 jobs in Japan under new ownership by Japan Industrial Partners, delisting from stock market. Challenges include management issues, scandals, accounting irregularities, and sale of memory chip business. Plans to move functions to Kawasaki, achieve 10% operating profit margin. Private equity firms are common for asset sales in Japan.
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May 17, 2024
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Toshiba to cut 4,000 jobs in Japan under new ownership by Japan Industrial Partners, delisting from stock market. Challenges include management issues, scandals, accounting irregularities, and sale of memory chip business. Plans to move functions to Kawasaki, achieve 10% operating profit margin. Private equity firms are common for asset sales in Japan.
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