15 February 2017 Current Affairs: Toshiba Corporation’s Chairman Shigenori Shiga announced his resignation from the multinational conglomerate with effect from February 15, 2017 as the company faced huge losses of multi-billion-dollars.
Shiga is stepping down accepting his responsibility for his company’s financial challenges and operating losses.
The company issued a report forecasting a net loss of 390 billion yen ($3.4 billion) in the current fiscal year ending March 2017.
Besides, the company also faced a 712.5 billion yen (USD 6.3 billion) loss for its nuclear business related to the purchase of CB&I Stone & Webster by its US nuclear unit Westinghouse.
Though Shiga would step down from the board, he would stay on as a Toshiba executive
FreshersLive - No.1 Job site in India. Here you can find latest 2018 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.