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Business

Nikon to cut 1,000 jobs in Japan

Nikon's Kumagaya plant in Saitama Prefecture makes semiconductor lithography systems.

TOKYO -- Nikon plans to eliminate about 1,000 jobs in Japan, or 10% of its domestic workforce, as the company shifts resources away from once core businesses to medical devices and other growth areas.

The cuts over the next two to three years will mostly affect Nikon's money-losing semiconductor equipment operations and its shrinking digital camera business.

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