November 8, 2016 – There were media reports such as in The Nikkei this morning regarding Nikon's restructuring plan centering on headcount reduction during several years. Nikon has made no announcement in this regards.If that's where the story had ended, we would all simply assume that The Nikkei Asian Review had been incorrect because of a grievous miscommunication. But in a bewildering move, Nikon then published a Notice of Restructuring (thanks Alaska) which confirmed the cutting of 1,000 jobs. Here's the relevant quote from that notice:
Although Nikon is constantly studying various management options including headcount rationalization for strengthening company’s profitability mainly of Semiconductor Lithography and Imaging Products Businesses, nothing has been decided at this time.
Should any facts pertaining to this matter are decided, Nikon will immediately make an announcement.
November 8, 2016With contradictory official documents being published within hours on the very same day, we are left scratching our heads. What is going on with Nikon's public relations and communications divisions?
Based on the above initiatives to rationalize headcount, Nikon will be announcing a voluntary retirement program of approximately 1,000 employees. Eligible applicants and detailed conditions will be announced once officially finalized.
TOKYO -- Nikon plans to eliminate about 1,000 jobs in Japan, or 10% of its domestic workforce, as the company shifts resources away from once core businesses to medical devices and other growth areas.Read the entire article on the Nikkei Asian Review.
The cuts over the next two to three years will mostly affect Nikon's money-losing semiconductor equipment operations and its shrinking digital camera business.
Nikon likely will offer early retirement to workers at facilities including its Kumagaya plant in Saitama Prefecture, northwest of Tokyo, which makes semiconductor lithography systems. Severance payments and other restructuring costs are expected to total hundreds of millions of dollars over two to three years.
Nikon is seen missing its forecast of a 64% jump in net profit to 30 billion yen ($287 million) for the fiscal year ending in March. Its net profit has fallen from a peak of 75.4 billion yen in fiscal 2007 to 18.2 billion yen last year.
Deals & Shopping News
Photography Deals (No Deals)
Canon Deals Nikon Deals Sigma Deals Tamron Deals Tokina Deals Adobe Deals Memory Card Deals In Stock Notices
Canon Preorders Nikon Preorders
Canon Refurbished Nikon Refurbished
Canon Rebates Nikon Rebates
Tamron Rebates Sigma Rebates