VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

[3xBuBu]

Toshiba Plans to Cut 7,800 Jobs as It Warns of Huge Loss

The Japanese company, whose financial struggles were laid bare this year in a $1.2 billion accounting scandal, said it would eliminate 7,800 jobs, mostly in its slumping consumer electronics division. That brings the number of job cuts announced this year to more than 10,000 total, or roughly 5 percent of its workforce.

Toshiba is seeking to offload whole divisions as well as employees. It said Monday it would look for a buyer for its health care arm, which makes products like medical scanners for hospitals. It already wants to offload all or part of its personal computer business as well as its U.S.-based nuclear power plant subsidiary, Westinghouse.

http://www.afr.com/technology/toshiba-plans-to-cut-7800-jobs-as-it-warns-of-huge-loss-20151221-glsxxx