Experiencing a major crisis, Ricoh is planning a significant reduction

Ricoh has faced the most serious in its history crisis. Generating 90% of company’s revenue, the Imaging division and Solutions that manufactures printers, is rapidly losing ground in the global market. The costs of the sales network of the company become unsustainable.

The user sees way out of crisis to reduce costs. As the target is called the reduced cost of $ 912 million in the period until the end of March 2020. At the same time said that keeping market share is no longer considered a top priority.

The main way to reduce costs a source calls the layoffs in a global network of sales and service, which employs more than two thirds of all staff of the company, numbering about 100 000 employees.

In the spring of this year appeared the information that Ricoh could completely abandon the production of consumer cameras, having been engaged in automotive solutions. Manufacturer this information is not confirmed.

Source: Nikkei

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