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Nikon cuts jobs in Thailand and Laos with camera sales slumping

Factory positions pared 10% and more production adjustments expected amid pandemic

The coronavirus pandemic has forced Nikon to delay the release of cameras. (Photo by Rintaro Shimomura)

TOKYO -- Nikon has cut 700 jobs in Southeast Asia as part of a move to restructure its digital camera business as executives warned of sustained losses during the coronavirus pandemic, the Japanese optical company said Thursday.

Staff reductions at production facilities of the imaging segment, which includes cameras, started last fall and continued in stages through the end of March. A portion of the cuts came in the form of early retirement.

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