Fujifilm Cuts 5,000 Jobs

Bloomberg reported that Fujifilm will eliminate 5,000 jobs and shift some production to China from Japan.

“Fuji Photo’s plan symbolizes an end to the film camera era,” said Hiroshi Chano, who helps oversee $6.7 billion at Yasuda Asset Management Co. in Tokyo. “The digitalization of the camera industry occurred at much faster pace than I expected. Reorganization will be a painful process for Fuji Photo.”

By taking these restructuring steps, we hope to reduce fixed costs and secure stabile profits in our imaging solutions division,” the Tokyo-based company said in the statement. “

See also: Fujifilm | News

Share your photos with our readers, make your own profile page, create blog, get unlimited storage for your photos, discuss photography equipment & techniques by joining our photo community

Subscribe for our latest updates sent to your e-mail (no spam)

Preview | Powered by FeedBlitz

RSS feed | Trackback URI

Comments »

No posts yet.

Have Your Say

Your Comment may not appear immediately due to moderation
Name (required)
E-mail (required - never shown publicly)
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your Comment.

2018 DPHOTOJOURNAL. All rights reserved.