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RE: LeoThread 2025-01-21 12:52

in LeoFinanceyesterday

Part 9/12:

The reverse momentum commenced in earnest during the construction phase of two AP1000 reactors in the U.S., which saw rising costs due to delays and regulatory changes. Toshiba faced mounting pressures to resolve challenges that arose not only from the construction itself but also from miscommunication between its Japanese headquarters and the Westinghouse operation.

Faced with these unforeseen hurdles, Toshiba's leadership restructured its acquisition oversight. However, their efforts could not mitigate the avalanche of issues that snowballed in the years that followed. The costs of construction overruns began to plague the company as Westinghouse struggled to fulfill contractual obligations, creating a tangled financial morass.

The Unraveling