Fujifilm Will Cut 10,000 Jobs At Xerox Venture

Entertainment (now) 2018-02-01

Views 2


TOKYO (Reuters) - Japan’s Fujifilm Holdings said it is cutting 10,000 jobs globally at its joint venture with Xerox Corp, saying it needed to overhaul the photocopying business amid a tough market environment. The company said it would book restructuring costs of 49 billion yen ($450.95 million) in the current fiscal year, lowering its operating profit forecast for the year to 130 billion yen from a previous 185 billion yen outlook.

Share This Video


Download

  
Report form