Nikon to cut about 1,000 jobs in precision equipment division

Nikon to cut about 1,000 jobs in precision equipment division
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First Published: Tue, May 26 2009. 05 38 PM IST
Updated: Tue, May 26 2009. 05 38 PM IST
Tokyo: Major Japanese camera maker Nikon Corp on Tuesday said it will realign its precision equipment division and cut some 1,000 out of the division’s 4,600 jobs due to the fast economic deterioration.
The job cuts include some 800 out of about 2,900 domestic production jobs and some 200 of about 1,700 jobs for overseas and domestic sales and services for the division that builds photolithography machines for semiconductors and liquid crystal displays.
In the realignment, four domestic production subsidiaries for the division will be reorganized into two.
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First Published: Tue, May 26 2009. 05 38 PM IST