Japan's
Toshiba Corp said it would cut 900 jobs in a restructuring of its PC
business that will include an exit from business-to-consumer operations
in some regions.
The
Japanese electronics conglomerate expects the PC restructuring to cut
operating profit by 45 billion yen ($414 million) but did not change its
earnings forecast for the current year to March, as
better-than-expected earnings in electricity and other operations offset
the impact.
Toshiba
said the job cuts, to be carried out during the current financial year,
were expected to cut fixed costs by more than 20 billion yen compared
with 2013/14.
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