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Westinghouse Chap 11 a key stage in meltdown of nuclear industry

Crisis-hit Toshiba gives the greenlight to Chapter 11 bankruptcy filing for its struggling US nuclear-power unit

Published Wed, Mar 29, 2017 · 09:50 PM
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Tokyo

THE board of Japan's electrical giant Toshiba Corporation on Wednesday approved the filing of bankruptcy proceedings for its struggling US nuclear-power subsidiary Westinghouse, marking what some claim is a key stage in the "meltdown" of the global nuclear-power industry.

Construction delays and huge financial lo…

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Nuclear

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