Toshiba to cut jobs in consumer electronics amid record loss

By AP Business Writer YURI KAGEYAMA ,

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Toshiba Corp. President Masashi Muromachi speaks during a press conference at its headquarters in Tokyo Monday, Dec. 21, 2015. 

Toshiba Corp. President Masashi Muromachi speaks during a press conference at its headquarters in Tokyo Monday, Dec. 21, 2015.  (Photo: Shigeyuki Inakuma)

TOKYO (AP) — Toshiba plans to cut 7,800 jobs, mostly in its consumer-electronics business, as it reorganizes in the face of projected record losses for the current fiscal year.

The Japanese conglomerate has been struggling with the aftermath of

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