Business / Corporate

Over 400 Toshiba unit workers apply for early retirement


Toshiba Corp. said Thursday that one of its subsidiaries saw 414 employees apply for an early retirement plan, surpassing the 350 the company had estimated.

Toshiba Electronic Devices & Storage Corp. received applications for the program from workers aged 45 or older between July and September.

The parent company said it plans to book around ¥5 billion in related costs for the July-September quarter.