Toshiba Corp. plans to unveil restructuring steps for its loss-making TV, personal computer and white goods businesses around Dec. 21, sources familiar with the matter said Friday.
The steps will likely include the sale of overseas factories and more job cuts, the sources said, as the scandal-hit industrial conglomerate aims to rebuild from a massive accounting scandal.
Toshiba's white goods business, which makes products such as refrigerators and washing machines, is expected to be significantly downsized. The company is in talks to sell its Indonesian plant and also is seeking to reorganize its factories in China, the sources said.
For TVs, Toshiba is expected to sell a plant in Indonesia to a foreign maker, while transferring a factory in Egypt to its local joint venture partner El Araby Group, the sources said.
Toshiba is also considering merging its PC business with those of Fujitsu Ltd. and Vaio Corp., which was spun off from Sony Corp. last year. Toshiba's white goods operation may be sold to Sharp Corp., under another plan.
Toshiba President Masashi Muromachi has said he will proceed with restructuring "without limits," after the accounting scandal led the firm to revise profits totaling ¥224.8 billion ($1.8 billion) on a pretax basis from December 2014 to as far back as April 2008.