Friday, October 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel Capital Announces $60 million of New Investments in Data-Focused Startups
Google Offers Bug Bounty for Mobile Apps
Nintendo Switch Update Brings Video Capture and More
Intel Health Application Platform Helps Health Care Providers Reduce Hospital Readmissions
Razer Electra V2 Gaming Headsets Bring Virtual Surround Sound and Aluminum Headband to Everyone
Alphabet Invests $1 Billion to Lyft
Microsoft TruePlay Anti-cheat Game Feature to be Added to UWP Games
Apple Cut iPhone 8 Production by 50 percent: report
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 24, 2017
Toshiba to Spin Off 4 Operations


Toshiba said Monday it will spin off four key operations including its infrastructure systems to keep its financial standing from affecting its healthy businesses.

The company is planning to spin off its infrastructure systems, energy systems, information technology-related businesses and electronic device operations.

Roughly 24,000 of some 30,000 Toshiba employees are likely to be transferred to the newly established companies. Engineers in the research and development division and some administrative staff will remain employees of Toshiba.

Toshiba hopes to avoid losing large infrastructure building and energy system contracts by separating the key business divisions from the parent company.

The company is aiming to gain approval of the plan at a shareholders' meeting in late June and spin off three divisions in July and the energy system division in October.

Toshiba is in the midst of a severe financial crisis caused by losses at its U.S. nuclear unit Westinghouse Electric Co. that filed for Chapter 11 bankruptcy protection last month. Toshiba has already sold its medical business and spun off its chip operation.



Previous
Next
The New Radeon Pro Duo Delivers The Power of Two Polaris 10 GPUs        All News        Seagate And DJI Announce New Portable Drive For Storing Drone Footage
Micron and Microsoft To Collaborate On Internet of Things Security     General Computing News      Nikon Takes Legal Actions Against ASML and Carl Zeiss Over Semiconductor Lithography Patents

Get RSS feed Easy Print E-Mail this Message

Related News
New Toshiba TR200 3D NAND SSDs Offer an Affordable Alternative to Hard Disks
Toshiba to Further Invest in Production Equipment for Fab 6 at Yokkaichi Operations
Western Digital Provides Its Aspect on Latest Developments Related to the Sandisk JV with Toshiba
Toshiba Signs Deal to Sell Chip Unit to Bain-led Group
SK Hynix to Invest 395 billion yen in Toshiba chip unit
Western Digital Tries to Block Toshiba's $18 Billion Memory Chip Unit Sale
Toshiba MG06 Series Includes 10TB Enterprise Capacity SATA HDD
Toshiba Formalizes Chips Sale to Bain Consortium, WD Steps up Legal Action
Toshiba Has Chosen Japan-U.S.-South Korea Group For its Chip Unit
Apple Could be Behind Toshiba's MoU With Bain Capital's Consortium
Toshiba Signs Memorandum to Accelerate Memory Chip Sale Talks With Bain-Sk Hynix Group
Toshiba in Ongoing Discussions for Chip Business Sale

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .