Toshiba to cut 6% of domestic workforce in big revamp after delisting

Toshiba Corp. said Thursday it will slash up to 6 percent of its workforce in Japan by offering staff early retirement packages and reduce redundant operations by integrating key subsidiaries, in its first major revamp plan for turning its business around after going private late last year."This is a necessary thing to do to ensure the company survives for the next 100 years," President Taro Shimada told a press conference in Tokyo as the industrial conglomerate announced its medium-term business plan that included shedding 4,000 jobs.The early retirement plan aims to cut labor costs and ta…READ FULL ARTICLE