Toshiba to cut 4,000 jobs targeting 10% operating profit margin

Toshiba said on Thursday it will cut up to 4,000 jobs in Japan as the industrial conglomerate accelerates restructuring under new ownership.
Toshiba’s TCx 800Toshiba delisted in December following a $13 billion takeover by a consortium led by private equity firm Japan Industrial Partners (JIP).

Toshiba said it would relocate office functions from central Tokyo to Kawasaki, west of the capital, and target an operating profit margin of 10 percent in three years.

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