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Toshiba in turmoil

Toshiba's next 5-year plan to feature $1.8bn in cost cuts

Conglomerate seeks firmer foundation for post-chip growth

Toshiba aims to cut costs by $1.8 billion over three years while ramping up investment in such promising new fields as the "internet of things." (Photo by Shinya Sawai)

TOKYO -- Toshiba targets 200 billion yen ($1.77 billion) in cost cuts over the next three years and plans to liquidate a risky U.K. nuclear venture, part of an effort to shore up its finances as it steps up investment in potential new growth engines, Nikkei has learned.

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