Nikon Corporation (NINOF.PK) to Cut 1,000 and Shift Focus to Medical Devices and Other Core Growth Areas
11/11/2016 7:34:25 AM
TOKYO -- Nikon plans to eliminate about 1,000 jobs in Japan, or 10% of its domestic workforce, as the company shifts resources away from once core businesses to medical devices and other growth areas.
The cuts over the next two to three years will mostly affect Nikon's money-losing semiconductor equipment operations and its shrinking digital camera business.
Nikon likely will offer early retirement to workers at facilities including its Kumagaya plant in Saitama Prefecture, northwest of Tokyo, which makes semiconductor lithography systems.
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