The Vogtle Unit 3 and 4 site, being constructed by primary contactor Westinghouse, a business unit of Toshiba, in Georgia, the United States. — Reuters
TOKYO: Toshiba Corp's troubled US nuclear unit Westinghouse intends to file for Chapter 11 protection from creditors, Japan's government said on March 29, as the conglomerate seeks to limit losses that have plunged it into crisis.
Yoshihide Suga, the government's chief spokesman, told a regular news briefing he was aware that Pittsburgh-based Westinghouse plans a bankruptcy filing. Sources with knowledge of the situation have said that the filing could come as early as Tuesday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
