Toshiba said the job cuts in Japan will be by early retirement.
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Scandal-plagued Japanese manufacturer Toshiba Corp. is cutting 6,800 jobs after projecting a loss of 550 billion yen ($4.5 billion) for the fiscal year through March 2016 .The job cuts equal about 3 percent of Toshiba's overall employees.Toshiba, which also makes nuclear power plants, has repeatedly apologized after acknowledging it had systematically doctored its books over several years to inflate profits by 152 billion yen ($1.3 billion).The latest earnings projection means Toshiba is sinking into its second straight year of red ink, after racking up a nearly 38 billion yen ($312 million) loss for the fiscal year that ended in March.
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