Toshiba to cut 4,500 temp jobs by end of March as it faces loss

Toshiba to cut 4,500 temp jobs by end of March as it faces loss

TOKYO, Japan - Toshiba Corp. President Atsutoshi Nishida bows at the end of a press conference at the Tokyo Stock Exchange on Jan. 29. The struggling Japanese electronics giant said it will lay off 4,500 temporary workers in its loss-making semiconductor and liquid crystal display businesses and it expects to incur group net and operating losses of 280 billion yen each for fiscal 2008 through March, its first red-ink figures in seven years. (Kyodo)

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