Nikon to reduce 20% of its International Workforce, End Camera Production From Japan

Nikon to reduce 20% of its International Workforce, End Camera Production From Japan

Nikon To Transfer Camera 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: There’s more to read about this at DSLRCameraSearch.

The news headlines were reported on Nikkei after Nikon’s financial results briefing the other day where the company announced an operating lack of $183.3 million in Q2. A website posted a fantastic overview of the convoluted monetary data where Nikon mentioned it offered 240,000 interchangeable-lens digital cameras, 70,000 small cameras, and 390,000 lenses in the next quarter of 2020, straight down 31%, 73% and 29%, respectively, year-over-year.