Toshiba Corp. is planning to withdraw from TV manufacturing by selling its factories abroad, a source said Wednesday. It recently came to light that the struggling conglomerate is considering consolidating its loss-making PC and white goods businesses with those of other companies, a source said Wednesday.

Several hundred job cuts are anticipated as a result of drastic streamlining measures affecting Toshiba's three loss-making businesses: the assembly of TVs, PCs and white goods such as refrigerators and washing machines.

Restructuring efforts are thought to have been impeded by accounting irregularities that surfaced earlier this year, apparently obscuring faltering earnings that had been plaguing these divisions.