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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.
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