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Toshiba set to post record losses, sell TV manufacturing plant

The company is still coming to terms with the fallout from the recent $1.2 billion accounting scandal, where it was revealed the company had overstated profits over a seven year period.

MORE: Toshiba CEO resigns over $1.2 billion accounting scandal

As part of a number of recently announced restructuring measures, Toshiba is set to slash its workforce with 6,800 jobs due to go across its consumer electronics division. The company will also sell its Indonesian TV manufacturing plant and instead, shift its attention to semiconductors and nuclear energy.

Speaking at a press conference to outline the company's plans, Masashi Muromachi, President of Toshiba, said it was time to "focus on businesses that can generate a profit and consider withdrawls from unprofitable ones if a turnaround is difficult."

Whether this means we've reviewed our last Toshiba-branded TV remains to be seen but all should be made clear in the coming months.

Toshiba isn't the first Japanese manufacture to go through the mill in recent months, with Sony and Sharp both experiencing significant restructuring.

MORE: Hisense acquires Sharp America for $23.7m

MORE: Sony refuses to rule out exiting TV and mobile markets

Andy Madden

Andy is Deputy Editor of What Hi-Fi? and a consumer electronics journalist with nearly 20 years of experience writing news, reviews and features. Over the years he's also contributed to a number of other outlets, including The Sunday Times, the BBC, Stuff, and BA High Life Magazine. Premium wireless earbuds are his passion but he's also keen on car tech and in-car audio systems and can often be found cruising the countryside testing the latest set-ups. In his spare time Andy is a keen golfer and gamer.