*NEWS*KONICA MINOLTA PUT EU. JOBS AT RISK

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*NEWS*KONICA MINOLTA PUT EU. JOBS AT RISK

 user 2007-06-07 at 3:05:00 pm Views: 48
  • #18325

    Konica puts European jobs at risk with merger plan
    june 2007 Konica Minolta staff across Europe face job cuts as the firm considers fusing two of its subsidiaries.
    Laser
    print company Konica Minolta (KM) Printing Solutions Europe is to be
    merged into advanced imaging and technologies sister company Konica
    Minolta Business Solutions Europe as its parent seeks to cut costs and
    improve efficiency.Konica said it intends to merge the divisions in
    order to consolidate marketing and sales operations and provide better
    customer service.Once the deal is given the go-ahead, subsidiaries of
    KM Printing Solutions will be merged country-by-country into their
    respective KM Business Solutions subsidiaries. The process, which will
    hit UK operations, will occur between July and October this year. It is
    too early to say how many jobs losses will result from the merger.In
    legal terms, KM Printing Solutions’ European head office would be
    merged into KM Business Solutions through an asset deal, with the
    former effectively becoming the business arm’s Netherlands
    branch.Whether or not the companies merge is still subject to
    consultation between KM Printing Solutions’ management and Works
    Councils that represent employees of both companies. However, although
    not 100% certain, the merger is likely to go ahead.Hideki Okamura,
    president of KM Business Solutions Europe, said: “More and more, the
    border of MFP and Printer/AIO industries are crossing over each other
    and mega-competition in this industry is heating up. Considering the
    current market environment, I believe that both operations in Europe
    should act as one company under the unified deployment and business
    strategy.”Kanji Wada, managing director of KM Printing Solutions
    Europe, said: “I do believe that combined with planned expansion of
    product portfolio, the merger will provide us with an excellent
    opportunity of substantially growing Printer/AIO business and its
    market presence to truly become one of the leading printer vendors in
    Europe.“We will be also able to manage and optimize our sales channels
    from both MFP & printer point of view, and create better channel
    satisfaction as well as customer satisfaction as a consequence.”Also
    this month, KM announced the merger of its US Printing Solutions
    business into its American Business Solutions division.