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Toshiba has asked Western Digital to drop its legal actions as a condition to proceed with a joint investment in a memory chip factory in Yokkaichi, Mie Prefecture.
Business

Troubled Toshiba suffering bad case of brain drain

Rivals, recruiters poach top engineers as company's future remains uncertain

| Japan

TOKYO -- With no end to Toshiba's troubles yet in sight and efforts to sell its flash memory operations still at an impasse, much of the talent the company's future rests on is heading out the door.

Toshiba's problems began with a 2015 accounting scandal that landed the Japanese conglomerate on a Tokyo Stock Exchange watch list. Then last year, the company revealed massive losses on U.S. nuclear projects that pushed its net worth deep into the red. It is currently scrambling to sell its memory unit to fill the hole in its finances and maintain its TSE listing. The shares have already been demoted to the bourse's second section.

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