Konica Minolta cuts 2,400 jobs as demand for office printing wanes

Japanese office equipment supplier strengthens screen films and other lines

In a sector seeing consolidation, Konica Minolta's traditional office products, including like copying machines, have been losing out to digital advances. © Reuters

Nikkei staff writers

April 4, 2024 21:36 JST

TOKYO -- Konica Minolta, a Japanese office equipment maker, said that it will cut 2,400 employees globally by the end of March 2025 as the company tries to shift its focus to newer business lines as demand for paper printing in offices falls away.

A major supplier of copy machines, the company said on Thursday that it is cutting a broad range of both full-time and part-time jobs, including at overseas sales subsidiaries and factories. Overall demand for office equipment has declined as companies turn to digital solutions.