Nikon to cut staff on slump in core business

Bloomberg

Nikon Corp plans to reduce about 2,000 employees, or 10% of its total workforce, due to a slump in its core camera business, Nikkei reported.
Its business was also impacted by the performance of Intel Corp, one of Nikon’s key clients of semiconductor equipment, the daily reported, without saying where it got the information.
In the company’s reform agenda, Nikon outlined a plan to move its camera production to Thailand and discontinue domestic output. The firm is considering cutting its sales force, the paper said.