SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
TOKYO, Japan – Japanese technology firm Fujifilm on Wednesday, January 31, announced 10,000 job cuts by March 2020 in its Fuji Xerox subsidiary, which it said was facing an “increasingly severe” market environment.
The Tokyo-based firm announced “personnel reductions of 10,000 people domestically and overseas” at the subsidiary as part of a cost-cutting package that it hopes will save 50 billion yen ($460 million).
Founded in 1934, Fujifilm became synonymous with the photography business but has since expanded its operations into cosmetics and medical equipment.
Fuji Xerox, the subsidiary jointly owned by Fujifilm and Xerox, manufactures printers and copiers for offices mainly in Asia and the Oceania regions.
The subsidiary employs around 46,000 people, according to a Fujifilm spokeswoman. – Rappler.com
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.