“Toshiba’s financial struggles have reached breaking point, leading to a restructuring effort which will see thousands lose their jobs and a loss of $4.5 billion over the fiscal year.
The company, which operates in industries ranging from consumer technology to nuclear, is fighting to regain an even financial footing in the wake of an accounting scandal which shook the firm to the roots of its foundations.”
Source: Toshiba predicts $4.5bn loss, plans to fire 7,000 employees | ZDNet
