Fujifilm Wacks 5,000 Jobs
Updated - Tuesday, 31st January 2006
Fujifilm, one of the latest casualties in the falling prices of digital cameras announced today they are cutting 5,000 jobs in their imaging solutions division and shifting some of their production to China and Japan.
“Fuji Photo’s plan symbolizes an end to the film camera era,” said Hiroshi Chano, who helps oversee $6.7 billion at Yasuda Asset Management Co. in Tokyo. “The digitalization of the camera industry occurred at much faster pace than I expected. Reorganization will be a painful process for Fuji Photo.”
[via Bloomberg]
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