Ricoh to cut 2,000 jobs as printer demand slumps

The Japanese firm Ricoh, which makes printers and different imaging gear, is planning to chop round 2,000 jobs worldwide by March subsequent 12 months, or over 2% of its workforce.

The transfer comes as demand for multifunction printers shrinks as places of work go paperless.

Ricoh says it plans to deal with companies associated to digital transformation as a substitute. It says about 1,000 jobs can be eradicated in Japan by means of voluntary retirement.

The corporate will settle for functions for this system from October to February.

Ricoh launched a three way partnership with Toshiba Tec in July to enhance effectivity in growth and manufacturing of multifunction printers. However the falloff in demand has pressured makers to put off individuals and restructure.

Konica Minolta has stated it should cut back its international workforce by about 2,400 by the tip of March. It additionally plans to start out a three way partnership with Fujifilm Holdings to combine procurement of supplies.