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Report: Nikon to cut 10% of its workforce

Nov 21, 2020 14:30 IST

According to Japanese website Nikkei, Nikon plans to reduce about 2,000 employees, or 10 per cent of its total workforce, due to a slump in its core camera business. Earlier this month, the company announced in its reform agenda a plan to move its camera production to Thailand and discontinue domestic output. Nikon posted an operating loss of 26.1 billion yen ($251 million) for the second quarter.

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