Toshiba cuts 3900 jobs.
Toshiba are predicting record losses today and are openly blaming ED for their financial crisis and as a result will be slashing 3900 jobs. The electronics and engineering group estimated its net loss hit 350 billion yen (3.5 billion dollars) in the financial year ending March 2009, even worse than the 280-billion-yen shortfall it had predicted in January.
It would be Toshiba’s biggest ever loss.
Total losses = 3900
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically each day to your feed reader. Alternatively you can follow us on Twitter.
