Bloomberg: Olympus may cut jobs and sell or close camera division.

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GatanoII Regular Member • Posts: 423
Bloomberg: Olympus may cut jobs and sell or close camera division.
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Bloomberg: Olympus may cut jobs, CEO backtracked previous comments that camera business was not for sale, saying that’s no longer the case

This time the source is real not just rumors, the CEO Yasuo Takeuchi said:

“The issue of personnel will naturally need to be addressed,” “It’s a strategy to improve performance, and something that will come about in due course.”

Takeuchi also backtracked on some of his comments in the past that the camera business was not for sale, saying that may not be the case anymore. The imaging unit, which makes up 6% of sales, is the lowest margin and lowest growth businesses in Olympus’s portfolio.

Olympus, controls more than 70% of the global market for endoscopes.

https://photorumors.com/2019/11/19/bloomberg-olympus-may-cut-jobs-ceo-backtracked-previous-comments-that-camera-business-was-not-for-sale-saying-thats-no-longer-the-case/

https://www.bloomberg.com/news/articles/2019-11-19/olympus-job-cuts-may-come-as-push-into-medical-tech-intensifies

From the above interview it seems the CEO wants to sell an "healty" Olympus (to make investors happy) to do so they can cut (or maybe sell) the camera division and then sell the healty endoscope division, or just sell the camera division.

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