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Toshiba sheds 6800 staff due to accounting scandal

Toshiba's massive accounting scandal results in 6800 jobs cut and manufacturing plant sales
By: Chris Smith | Business, Financial & Legal News | Posted: Dec 22, 2015 2:32 pm

While we reported that Toshiba are looking at a hefty $60m fine thanks to some 'creative' accounting mishaps, the aftermath of this massive blowout has resulted in 6800 staff being let go.




The cuts are happening within the consumer electronics division only and are set to be part of a Toshiba HQ reconstruction. In addition to this, reports claim that Toshiba is also looking to offload its television and washing machine manufacturing facilities in Indonesia, while this tech giant is also looking at investors to assist with healthcare ventures.


With Sony purchasing Toshiba's sensory fab for $155m and board resignations happening due to this accounting scandal, there's no saying what the next step will be.


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