April 17, 2009

Toshiba to cut 3,900 jobs as big loss looms

Toshiba Corp. on Friday announced 3,900 more job cuts and predicted a record annual loss as the economic downturn continues to take a heavy toll on Japan’s high-tech giants.

Toshiba had already laid off 4,500 temporary workers in the last financial year to March as Japan’s recession deepened and exports slumped.

Source: AFP

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