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 user 2008-12-08 at 10:45:54 am Views: 61
  • #20785

    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 .N225

    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.