Nikon to Cut 20% of its International Workforce, Transfer Production to Thailand

Nikon will cut more than 2,000 workers outside of Japan by March of 2022 as well as shift some of its production from its factory in the Miyagi province of Japan to Thailand. The changes come as the company grapples with the rise of smartphones and the effects of the coronavirus pandemic.

Miyagi Prefecture will continue to produce “LiDAR” sensors and inspection equipment for cameras, and Nikon said that the number of domestic employees will not decrease.
The news was reported on Nikkei after Nikon’s financial results briefing last week where the company announced an operating loss of $183.3 million in Q2. DPReview posted an excellent summary of the convoluted financial data where Nikon noted it sold 240,000 interchangeable lens cameras, 70,000 compact cameras, and 390,000…

This is only a snippet of a Photography Article written by <a href="">Jaron Schneider</a>

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