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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

According to Greenpeace Japan, Toshiba is "scrambling to find a buyer to take the Westinghouse anvil from around its neck".


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.


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