TOKYO: Toshiba Corp. is considering cutting several thousand jobs in Japan as it seeks to reduce costs and improve its profit structure, it was learned Wednesday.

The Japanese electronics and machinery maker plans to focus on its infrastructure and digital operations, both of which are expected to grow, to rebuild its management.

The company currently employs about 67,000 people in Japan. It will select divisions for job cuts while holding talks with its labor union.

Suffering from sluggish earnings, Toshiba went private last December and is promoting turnaround efforts under a consortium led by investment fund Japan Industrial Partners Inc.

JIJI Press