Toshiba Corporation announced that its annual loss increased by 29%. The company reduces the number of jobs and selling part of the business.
That net loss is expected to be a record - 710 billion yen ($ 6 billion) in the current fiscal year, which ended in March. An earlier forecast called for a loss of 550 billion yen aisles.
On Thursday, the company reported that its loss for the three months, including December, amounted to 516.7 billion yen. Number of employees as of March 31, equal to 198,700 people - the lowest since the end of fiscal 2008.
The company plans to sell the property and investment. Toshiba is considering the possibility of merging with Fujitsu Ltd. and Sony Corp.