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Toshiba News

Tech Layoffs 2024

18 Apr 2024

Toshiba Announces Layoffs, To Cut Around 5,000 Jobs

The manufacturer decided to restructure the workforce in Japan by seven percent, which amounts to around 5,000 job cuts.

25 Jun 2021

Toshiba shareholders remove chairman in shake-up for Japan Inc

CEO Satoshi Tsunakawa was appointed as interim chairman. Tsunakawa retook the helm in April after Toshiba`s previous CEO left The board said it would undertake a full review of assets and devise a plan to create growth.

10 Nov 2017

Toshiba considering $5.3 billion capital injection - source

In a statement, Toshiba repeated its stance that it was aiming to close the deal to sell its chip business by the end of March, saying in response to the NHK report that nothing specific had been decided regarding any funding plans.

India Japan trade

14 Sep 2017

Suzuki to pump in fresh investment of Rs 3,800 crore in Gujarat

The company along with its partners Toshiba and Denso will also invest around Rs 1,150 crore for a new unit to produce lithium ion batteries.

09 Aug 2017

Smartphone screen maker Japan Display cutting 30% of workforce

Japan Display, born out of the 2012 merger of the liquid crystal display divisions of Hitachi, Toshiba and Sony, has been lagging behind its foreign rivals as the industry shifts to new technologies.

22 Jun 2017

Taiwan`s Foxconn says Toshiba deal `not over`

The head of Taiwan`s tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business.

14 Feb 2017

Toshiba chairman Shigenori Shiga quits post over huge losses

Toshiba said on Tuesday its chairman Shigenori Shiga was stepping down from his post as the company warned it was set to book multi-billion-dollar losses in its US nuclear business.

26 Jul 2016

Mercedes, GE among 'Make in India' investors

Domestic and foreign companies like Mercedes Benz India, General Electric, Toshiba and PepsiCo have made investments under the government's 'Make in India' scheme between 2014 and 2016, Parliament was informed.

Bangladesh travel ban

04 Jul 2016

Uniqlo bans Bangladesh travel after Islamist killings

18 Mar 2016

Toshiba says cooperating with US on 'accounting problem'

The company has been roiled by a profit-padding scandal, in which high-handed bosses for years systematically pushed their subordinates to cover-up weak financial figures.

17 Mar 2016

Toshiba to invest $3.2 bn in new Japan chip facility

Toshiba Corp said it plans to invest 360 bn yen ($3.2 bn) to build a new semiconductor facility in Japan, showing it wants to grow its chip business even as it eyes the sale of other units such as appliances and healthcare.

21 Dec 2015

Scandal-hit Toshiba warns of record annual loss

Toshiba warned it expects to post a record annual loss of USD 4.5 billion and slash thousands of jobs.

19 Dec 2015

Toshiba set to forecast a record annual loss of $4.13 billion

Toshiba Corp is expected to forecast a record net loss of more than 500 billion yen (USD 4.13 billion) for the year ending March on restructuring costs, Nikkei reported on its website on Saturday.

15 Sep 2015

Toshiba reports $102 million quarterly net loss

Toshiba on Monday reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.

14 Sep 2015

Toshiba reports $102 million quarterly net loss

Sales fell 4.5 per cent from a year earlier to 1.35 trillion yen, the lowest since the quarter ended December 2012, due to a poor performance in television and personal computer businesses.

07 Sep 2015

Toshiba posts $318 mn loss in wake of profit-padding scandal

Toshiba left unchanged its previously announced 170 billion yen operating profit on sales of 6.65 trillion yen for its latest fiscal year.

18 Aug 2015

Toshiba taps ex-top execs of major firms as outside directors

Crisis-hit Toshiba said Tuesday it will book a net loss for the last fiscal year, as it scrambles to revise its financial records to account for a billion dollar accounting scandal.

06 Aug 2015

Toshiba, SanDisk introduce 48 layer 256GB flash memory

Japanese company Toshiba in partnership with SanDisk has introduced their 256GB flash chips.

21 Jul 2015

Toshiba CEO Hisao Tanaka, top execs, quit over $1.2 bn scandal

Hisao Tanaka and vice chairman Norio Sasaki -- also a former president -- were the most senior to step down after an independent report found top management complicit in a years-long scheme to pad profits.

21 Jul 2015

Toshiba CEO to step down over accounting scandal

CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement, adding it was considering appointing outside directors to over half of its board seats.

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