Toshiba Announces Layoffs, To Cut Around 5,000 Jobs
The manufacturer decided to restructure the workforce in Japan by seven percent, which amounts to around 5,000 job cuts.
Apr 18, 2024, 15:58 PM IST
Toshiba shareholders remove chairman in shake-up for Japan Inc
The board said it would undertake a full review of assets and devise a plan to create growth via dividends and buying back shares. It would also engage with potential investors, it said, comments that could spark tension with the government, which regards Toshiba as a strategic asset.
Jun 25, 2021, 21:57 PM IST
Toshiba considering $5.3 billion capital injection - source
In a statement, Toshiba repeated its stance that it was aiming to close the deal to sell its chip business by the end of March, saying in response to the NHK report that nothing specific had been decided regarding any funding plans.
Nov 10, 2017, 09:32 AM IST
Suzuki to pump in fresh investment of Rs 3,800 crore in Gujarat
The company along with its partners Toshiba and Denso will also invest around Rs 1,150 crore for a new unit to produce lithium ion batteries.
Sep 14, 2017, 18:20 PM IST
Smartphone screen maker Japan Display cutting 30% of workforce
Japan Display, born out of the 2012 merger of the liquid crystal display divisions of Hitachi, Toshiba and Sony, has been lagging behind its foreign rivals as the industry shifts to new technologies.
Aug 09, 2017, 12:42 PM IST
Taiwan`s Foxconn says Toshiba deal `not over`
The head of Taiwan`s tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business.
Jun 22, 2017, 11:32 AM IST
Toshiba chairman Shigenori Shiga quits post over huge losses
Toshiba said on Tuesday its chairman Shigenori Shiga was stepping down from his post as the company warned it was set to book multi-billion-dollar losses in its US nuclear business.
Feb 14, 2017, 14:24 PM IST
Mercedes, GE among 'Make in India' investors
Domestic and foreign companies like Mercedes Benz India, General Electric, Toshiba and PepsiCo have made investments under the government's 'Make in India' scheme between 2014 and 2016, Parliament was informed.
Jul 26, 2016, 16:54 PM IST
Uniqlo bans Bangladesh travel after Islamist killings
The Japanese operator of fast fashion giant Uniqlo has banned non-essential travel to Bangladesh and ordered its staff there to stay at home, days after militant Islamists killed foreigners in a bl
Jul 04, 2016, 16:49 PM IST
Toshiba says cooperating with US on 'accounting problem'
The company has been roiled by a profit-padding scandal, in which high-handed bosses for years systematically pushed their subordinates to cover-up weak financial figures.
Mar 18, 2016, 10:42 AM IST
Toshiba to invest $3.2 bn in new Japan chip facility
Toshiba Corp said it plans to invest 360 bn yen ($3.2 bn) to build a new semiconductor facility in Japan, showing it wants to grow its chip business even as it eyes the sale of other units such as appliances and healthcare.
Mar 17, 2016, 12:44 PM IST
Scandal-hit Toshiba warns of record annual loss
Toshiba warned it expects to post a record annual loss of USD 4.5 billion and slash thousands of jobs.
Dec 21, 2015, 14:53 PM IST
Toshiba set to forecast a record annual loss of $4.13 billion
Toshiba Corp is expected to forecast a record net loss of more than 500 billion yen (USD 4.13 billion) for the year ending March on restructuring costs, Nikkei reported on its website on Saturday.
Dec 19, 2015, 18:51 PM IST
Toshiba reports $102 million quarterly net loss
Toshiba on Monday reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.
Sep 15, 2015, 13:54 PM IST
Toshiba reports $102 million quarterly net loss
Sales fell 4.5 per cent from a year earlier to 1.35 trillion yen, the lowest since the quarter ended December 2012, due to a poor performance in television and personal computer businesses.
Sep 14, 2015, 15:16 PM IST
Toshiba posts $318 mn loss in wake of profit-padding scandal
Toshiba left unchanged its previously announced 170 billion yen operating profit on sales of 6.65 trillion yen for its latest fiscal year.
Sep 07, 2015, 08:37 AM IST
Toshiba taps ex-top execs of major firms as outside directors
Crisis-hit Toshiba said Tuesday it will book a net loss for the last fiscal year, as it scrambles to revise its financial records to account for a billion dollar accounting scandal.
Aug 18, 2015, 17:09 PM IST
Toshiba, SanDisk introduce 48 layer 256GB flash memory
Japanese company Toshiba in partnership with SanDisk has introduced their 256GB flash chips.
Aug 06, 2015, 11:20 AM IST
Toshiba CEO Hisao Tanaka, top execs, quit over $1.2 bn scandal
Hisao Tanaka and vice chairman Norio Sasaki -- also a former president -- were the most senior to step down after an independent report found top management complicit in a years-long scheme to pad profits.
Jul 21, 2015, 20:13 PM IST
Toshiba CEO to step down over accounting scandal
CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement, adding it was considering appointing outside directors to over half of its board seats.
Jul 21, 2015, 12:41 PM IST
