Japanese nuclear and electronics company Toshiba Corp. said Tuesday it was considering selling off its Westinghouse operations in the United States.
According to the Associated Press, Toshiba’s president said the company was looking at selling its majority stake in Westinghouse and making it a priority to get the energy giant’s battered results off its books. The company is expected to take a $6 billion hit from its embattled nuclear business through Westinghouse.
Toshiba had been scheduled to report its quarterly earnings today, after delaying the report due in February because of auditing problems. It now has until April 11 to produce the report.
Toshiba acquired Butler County-based Westinghouse in 2006. The company is headquartered in Cranberry Township and employs approximately 4,500 people in the area.
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Photo by Mark Morgan Trinidad B
