Toshiba to record loss and cut 6800 consumer electronics jobs

Tokyo: Toshiba said on Monday it would book a record net loss this year and cut around 5 per cent of its workforce as the sprawling conglomerate, reeling from a $US1.3 billion ($1.81 billion) accounting scandal, focuses on chips and nuclear energy. But analysts question whether streamlining can return the 140-year-old Japanese bulwark to dominance considering falling profit margins in the chip industry and a nuclear phase-out in developed...