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 user 2008-12-08 at 10:46:49 am Views: 95
  • #20457
    Canon to cut almost 1,200 Japan contract jobs
    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
    — 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.

    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.