Olympus is to cut production for digital camera costs by 30% due to fierce competition, reports Bloomberg. The news follows earlier announcements that Olympus, the world's fourth largest camera manufacturer, is to cut 4,000 jobs, 13% of its global workforce. The long term aim is to recover some profit after Olympus reported its first ever annual loss last month. The job cuts will save the company around ¥3 bn. Bloomberg says Olympus expects shipments of digital cameras to rise from 8.9m to 9.5m this year with the release of two SLRs aimed at pros and serious amateurs.
|Valley by the light of a blue moon by cjf2|
from Down in the Valley
|Lake Erie Stone Pier by yobbyt|
from Dock or Pier