Featured Job: IT Recruiter for Inventcorp, Hyderabad
News »Browse Articles » Canon may cut 1,200 jobs
0
Vote Vote

Canon may cut 1,200 jobs

Views 1 Views    Comments 0 Comments    Share Share    Posted 04-12-2008  
4 Dec, 2008: Canon Inc is planning to lay off almost 1,200 contract workers at two manufacturing subsidiaries in Japan as it grapples with slow camera sales, public broadcaster NHK said.

In January, Canon will cut 1,097 jobs at Oita Canon Inc and another 80 jobs at its Oita Canon Materials Inc, which are located in southern Japan, the broadcaster said.

A Canon spokesman said the company has asked the outsourcing firm that deals with its subsidiaries to adjust production to meet falling demand. But he said Canon did not to know any specific numbers.

As sluggish economic conditions dampen consumer demand, Canon president Tsuneji Uchida warned last week that the global digital camera market may contract next year.

Canon shares closed 3 per cent lower at 2,565 yen, compared with a 1 per cent decline for the Nikkei share average.

Source:
http://infotech.indiatimes.com/News/Canon_may_cut_1200_jobs_/articleshow/3792173
0
Vote  Vote
Enter your comment:
No Comments For This News

Search News

What's the News?

Post a link to something interesting from another site, or submit your own original writing for the Recruitment community to read.

Most Popular News

Most Recent User Submitted News