Has Nikon announced the closure of Wuxi factory?

10 year 10 On October 30th, Japanese camera manufacturing giant Nikon announced the closure of its Wuxi factory. According to the announcement of Nikon China official website, due to the rise of smart phones, the market of small digital cameras is shrinking rapidly, and the operating rate has dropped sharply, making it very difficult to continue to operate. The factory was established in Wuxi in June 2002 and has been engaged in the manufacture of digital cameras and digital camera parts. At present, due to the impact of the rise of smart phones, it is impossible to continue to operate. The closure of the factory involved 2,268 people. According to the current adjustment of Nikon's production structure in China, there is no chance to change jobs. From now on, Nikon began the procedure of terminating the labor contract with employees.

Nikon issued a press release on the same day, saying that due to the development of smart phones, the market for small digital cameras has shrunk rapidly, and the operating rate of Nikon Optical Instruments (China) Co., Ltd. located in Wuxi City has dropped sharply, making it very difficult to continue production, so it was decided to stop the production of this company from now on.

Nikon Optical Instruments (China) Co., Ltd. was established in June 2002, and currently has nearly 2,300 employees, mainly engaged in the manufacture of digital cameras and digital camera parts. After Nikon closes the company, it will concentrate on producing high value-added products such as SLR cameras.

According to the communique, China's position as one of the most important markets in the world will not change, and the business produced and sold in China by other subsidiaries such as Nikon Imaging Instrument Sales (China) Co., Ltd., a Shanghai-based imaging product sales company, will not be affected.

Nikon began structural reform from 20 16 1 1, including closing factories with low operating rate, merging production bases and reducing employees.

Nikon also released its performance forecast for 20 17 on the same day, and raised its net profit for 20 17 from the previous forecast of 1 300 million yen to 1400 million yen (1USD 1 14 yen). One of the main reasons for improving its performance is the progress made in reducing costs.