Toshiba conglomerate: Can we keep going? We don't know

[the_leander]

Toshiba has filed unaudited results for its business, meaning its potential losses from the Westinghouse disaster cannot yet be quantified, putting the conglomerate at risk of collapse.

The survival of the entire corporate Toshiba structure, which controls businesses making laptops, TVs, flash chips and nuclear power stations, is now at risk because of the extraordinarily excessive losses from its Westinghouse Electric Company US nuclear power station-building business.

Read more here.


This is pretty serious. As in tech bubble bursting levels of serious - Toshiba supply many markets with their tech, if they go, we will all feel it. God only knows what it'll do to Japan's economy.

 

[JoBBo]

Read more here.


This is pretty serious. As in tech bubble bursting levels of serious - Toshiba supply many markets with their tech, if they go, we will all feel it. God only knows what it'll do to Japan's economy.

Sadly, the article does not explain why Toshiba's foreign operations would be affected by losses in a US-based subsidiary that is a limited liability business and already involved in bankruptcy proceedings.

(Also, Japan is known to be quite generous with bailouts of companies that are deemed to be strategic importance.)

 

[metalman]

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