Toshiba to shed troubled assets, cut 7,000 jobs
TOKYO: Toshiba Corp is liquidating its British nuclear power unit and selling its US liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors’ confidence. The plans are part of a new five-year business strategy Toshiba announced on Thursday, which also included 7,000 job cuts, or 5% […]