The company’s share price has fallen about 40% since news of its accounting problems began to emerge in early AprilJapan’s Toshibasaid it will slice nearly 7000 consumer electronics jobs after a $1.3bn accounting scandal,in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job cuts spanning the entire PC-to-nuclear company could be over 10000 including previously announced cuts and those seeking voluntary early retirement.
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Source: theguardian.com