Toshiba Corp.'s semiconductor-making subsidiary will create up to 5,000 jobs in Japan after its planned sale to a consortium led by Bain Capital, an executive at the U.S. investment fund said Tuesday.

The workforce additions at Toshiba Memory Corp. will take place at the company's key Yokkaichi plant in Mie Prefecture, which is currently being expanded, and at a new plant in Iwate Prefecture that will start construction next year.

"For Toshiba Memory to grow, it is important that we invest in people," Yuji Sugimoto, managing director at Bain, said in an interview.