Tagged With "Subsidiaries"

Toshiba has set out plans to split off its four in-house companies into wholly-owned subsidiaries as the firm looks to reorganise its structure. The spin-offs, encompassing Toshiba's four pillars in its current setup, will occur from July. Toshiba said the splits will "further enhance collaboration between the split-off companies, and, at the same time, aim to maximise the value of each business". read the rest here

Toshiba Corp. said Monday it will spin off four key operations, including its infrastructure systems, to keep its shaky financial standing from affecting its healthy businesses. Roughly 24,000 of about 30,000 Toshiba employees are likely to be transferred to the newly established companies, but engineers in the research and development division and some administrative staff will remain Toshiba employees. The company is planning to spin off its infrastructure systems, energy systems,...