Jan 31, 2018
Fujifilm to cut jobs as demand for photocopiers drops
Japanese technology firm Fujifilm is to cut 10,000 jobs by 2020 at its Fuji Xerox subsidiary saying it faces an "Increasingly severe" market. The subsidiary is jointly owned by Fujifilm and Xerox and employs around 46,000 people. It makes printers and copiers, mainly in Asia and Australia. Analysts say the global market for copiers is in decline as people move to emails and smartphone apps which scan documents. There has also been a push to use less paper and recycle more.
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