Toshiba may axe TV & PC workers, seek partner for nuclear operations-CEO


Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek a partner for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said on Thursday. As part of its overhaul, Toshiba has launched a new management team, which won approval from shareholders on Wednesday. Muromachi said that the restructuring steps may temporarily hurt the company's capital base, already weak compared with rivals such as Hitachi Ltd .

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