Nikon denies it is cutting 1,000 jobs in Japan, then announces 1,000 job cuts in Japan

Nov 8, 2016

John Aldred

John Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter – and occasional beta tester – of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

Nikon denies it is cutting 1,000 jobs in Japan, then announces 1,000 job cuts in Japan

Nov 8, 2016

John Aldred

John Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter – and occasional beta tester – of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

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It’s funny how the Internet rumour mill sometimes seems to work. Some random person makes an off-hand comment to somebody. That somebody then relays it on to somebody else. Then it gets sent to some online publication, perhaps with a slight embellishment or two to make it sound more interesting. Then, before you know it, half the world is reporting that Nikon are firing 10% of their domestic workforce in Japan.

In a completely out-of-character move, Nikon responded to the reports extremely quickly. Within a few short hours, Nikon released a statement. In it, they declare with an emphatic no, that they are not getting rid of 1,000 employees in Japan. Then, a couple of hours later, changed their minds again.

There were media reports such as in The Nikkei this morning regarding Nikon’s restructuring plan centering on headcount reduction during several years. Nikon has made no announcement in this regards.

Although Nikon is constantly studying various management options including headcount rationalization for strengthening company’s profitability mainly of Semiconductor Lithography and Imaging Products Businesses, nothing has been decided at this time.

Should any facts pertaining to this matter are decided, Nikon will immediately make an announcement.

Nikon Press Release

Shortly after this, a new item showed up in the Nikon news feed. Titled “Notice of Restructuring” this one clearly shows that they intend to drop a thousand people from their workforce.

They are shuffling a few people around, 1,000 from semiconductor lithography, 350 from imaging products and 200 from headquarters. Ultimately, the goal is to decrease the size of the workforce.

Based on the above initiatives to rationalize headcount, Nikon will be announcing a voluntary retirement program of approximately 1,000 employees. Eligible applicants and detailed conditions will be announced once officially finalized.

Nikon Notice of Restructuring

In total, they are “re-assigning” 1,550 employees, and eliminating 1,000 through voluntary retirement by March 31, 2017. It is suggested that the restructuring and reduction of its workforce will save around ¥20 billion annually. Although, it will cost ¥48 billion to implement.

With its lithography division now lagging behind the competition and camera sales getting lower each year, Nikon are clearly struggling. It’s not surprising that layoffs are the reaction to try and save some funds.

Is this the beginning of the end for Nikon? Is it already a wounded beast on its way to death and all they’re doing now is applying bandages? Will Nikon be able to make a big comeback and survive and thrive? Are all camera manufacturers doomed to this fate? Let us know your thoughts in the comments.

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John Aldred

John Aldred

John Aldred is a photographer with over 20 years of experience in the portrait and commercial worlds. He is based in Scotland and has been an early adopter – and occasional beta tester – of almost every digital imaging technology in that time. As well as his creative visual work, John uses 3D printing, electronics and programming to create his own photography and filmmaking tools and consults for a number of brands across the industry.

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9 responses to “Nikon denies it is cutting 1,000 jobs in Japan, then announces 1,000 job cuts in Japan”

  1. Don Smith Avatar
    Don Smith

    Maybe they were only going to do 750 but then went to 1000 when the rumour hit? ;)

  2. Najib Saer Avatar
    Najib Saer

    After the D600 fiasco, Nikon became hard to trust

    1. Curt Brandt Avatar
      Curt Brandt

      I’m sure that PR manager is GONE .. that was a fiasco !!

    2. Kostas Lisajevičius Avatar
      Kostas Lisajevičius

      Canon will be next :(

  3. Josh M Avatar
    Josh M

    They’re initial statement didn’t deny anything. It just says they haven’t made any announcements. It certainly doesn’t say they’re not doing it.

    Then they announced it.

  4. Kevin Avatar
    Kevin

    …Little bit of a misleading headline… restructuring employees to various other departments and the natural retirees not being replaced is hardly anything to write about. Apple just laid off a ton of employees working on the Apple Car and no one says Apple’s on it’s way down.

    1. MC Hammer Avatar
      MC Hammer

      Oooh… this is Apple … you can’t touch this! ….. Hammer time! … *dancing around in flashy panths like MC Hammer*

  5. Richard Joseph Avatar
    Richard Joseph

    They way their quality is going, I’d be surprised if they’re around in the next 5 yrs!

  6. Steven Slusher Avatar
    Steven Slusher

    Nikon is a optics manufacturer first, always was since WW ll and is part is Mitsubishi anyways, cameras was made after the war