Toner News Mobile › Forums › Latest Industry News › JAPAN : CANON TO CUT 1,200 JOBS
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AnonymousInactivehttp://www.reuters.com/article/rbssTechMediaTelecomNews/idUST34233120081204
Canon to cut almost 1,200 Japan contract jobs
TOKYO,
Dec 08- 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 on Thursday.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 percent
lower at 2,565 yen, compared with a 1 percent decline for the Nikkei
share average .N225http://www.google.com/hostednews/afp/article/ALeqM5gFS0xIYWupB3V9srh3Qv4pn2R43Q
Canon unit shedding more than 1,100 contract jobs: officials
TOKYO
— More than 1,100 contract workers are losing their jobs at two
subsidiaries of Japan’s Canon Inc. due to production cutbacks,
officials said Friday.Canon, often hailed as a success story in Japan’s
recovery from a recession a decade ago, is joining other major Japanese
manufacturers that are cutting output and jobs to cope with the global
economic downturn.Canon, which produces cameras and office
equipment, said it had slashed orders to Oita Canon Inc., resulting in
a reduction in the number of workers hired through contractors.”We
understand there is an employment adjustment among workers from the
contractors,” a Canon spokesman said, adding that Canon itself did not
propose the number of job cuts.Canon directly employs about
4,600 regular and temporary workers at the subsidiary in Oita, southern
Japan, but it does not know how many contract workers there are at the
firm, the spokesman said.The Oita branch of the labour ministry said it
had learned that 1,097 contract jobs would be cut at the subsidiary and
80 others at a printer toner cartridge unit, Oita Canon Materials Inc.,
by the end of March.”We have confirmed the figures through interviews
with the contractors,” an official at the Oita Labour Bureau said.Canon
has lowered its projection for digital camera shipments to 27.9 million
units from an initial 29.4 million for the year to March 2009.In late
October, Canon revised downward its business prospects and said it
expected its first fall in net profit in nine years this year due to
the global slowdown and the higher yen.The firm expected net profit of
375 billion yen (four billion dollars) for the year to December 31. -
AuthorDecember 8, 2008 at 10:46 AM
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