Toshiba chairman resigns as nuclear power losses mount

Toshiba Chairman Shigenori Shiga is stepping down after the company took a financial hit of more than $6 billion.

The loss came from Toshiba’s investment in Westinghouse, an American nuclear power company. In December, company officials said they would declare “several billion U.S. dollars” in write-downs at the nuclear unit.

The company's chairman is resigning to take “management responsibility for the loss.”

Read more from The New York Times.

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