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Tag: Toshiba

Toshiba to lay off 4,000 staff in restructuring move
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Toshiba to lay off 4,000 staff in restructuring move

Japan’s Toshiba On Thursday, announced plans to reduce its domestic workforce by up to 4,000 positions as part of its accelerated restructuring efforts under new ownership. The industrial conglomerate had been delisted in December following a $13 billion takeover by a consortium led by private equity firm Japan Industrial Partners, marking the culmination of a […]

Toshiba delisted from Tokyo Stock Exchange after 74 years
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Toshiba delisted from Tokyo Stock Exchange after 74 years

Toshiba was delisted from the Tokyo Stock Exchange on Wednesday after 74 years, following a decade of upheaval and scandal that brought down one of Japan’s largest companies and ushered in a buyout and an uncertain future. A consortium of investors led by private equity company Japan Industrial Partners is taking the conglomerate private, together with financial […]