TOKYO -- Nikon officially announced on Oct. 30 plans to close a digital camera plant in Wuxi, China as part of its structural reform program running through fiscal 2018, which prioritizes profitability over expansion.
"We regretfully halt operations today. Our operating rates are falling," the plant chief's voice echoed through the factory speakers. The roughly 2,300 employees of the plant, located in Jiangsu Province, listened calmly.
