Toshiba cancels all nuclear plant construction, chairman to quit, causing happy anti nuclear activists in Japan!

GOOD NEWS! Now we must make sure the many headed nuclear hydra doesn not grow a new head.

nuclear-news

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Kyodo — Jan 29
Toshiba Corp. will take no new orders related to the construction of nuclear power stations, with the company’s chairman expected to resign over the massive write-down that has doomed the company’s U.S. nuclear business, sources said Saturday.
The company’s decision to cease taking orders effectively marks its withdrawal from the plant construction business.

Toshiba said Friday it will review nuclear operations and spin off its chip business to raise funds by selling a stake in the new chip company, covering the expected write-down in the nuclear business which could reach 700 billion yen ($6.08 billion).

http://www.newsonjapan.com/html/newsdesk/article/118856.php

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2 thoughts on “Toshiba cancels all nuclear plant construction, chairman to quit, causing happy anti nuclear activists in Japan!

  1. Toshiba shares slide as crisis deepens, fate of Westinghouse unclear
    Posted:Wed, 15 Mar 2017 00:34:56 -0400
    TOKYO (Reuters) – Shares in Toshiba Corp tumbled on Wednesday after it said it would consider a sale of Westinghouse but did not offer any clarity on whether it would proceed with a Chapter 11 filing for the U.S. nuclear unit – a move that could stem losses.http://feeds.reuters.com/~r/reuters/businessNews/~3/kTZYtnqvcqc/us-toshiba-accounting-idUSKBN16M01O

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