Toshiba to cut 3,900 more jobs: official

Toshiba to cut 3,900 more jobs: official
AFP
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First Published: Fri, Apr 17 2009. 01 17 PM IST
Updated: Fri, Apr 17 2009. 01 17 PM IST
Tokyo: Japanese high-tech giant Toshiba Corp. will cut a further 3,900 temporary jobs by next March to cope with the global economic downturn, a company official said Friday.
Toshiba, which has already laid off 4,500 temporary workers, warned earlier in the day it expects a net loss of 350 billion yen ($3.5 billion) for the financial year that ended last month, even more than previously forecast.
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First Published: Fri, Apr 17 2009. 01 17 PM IST
More Topics: Toshiba | Japan | Job Cuts | Recession | Corporate News |