Fujifilm cuts 5,000 jobs

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Fujifilm’s Imaging Solutions segment will undergo structural reforms that include the reduction of 5,000 jobs. The segment accounts for about 30 percent of Fujifilm’s consolidated revenue. Looking ahead at further changes in the market environment, Fujifilm has decided to implement measures which will reform the whole of the current structure including R &D, production and distribution. The company has decided to implement the reforms intensively over a one-year period, spanning the second half of the fiscal year ending March 2006 and the first half of the fiscal year ending March 2007.

Fujifilm said it plans to further accelerate its effort to expand business with a particular focus on the areas of medical/life sciences; graphic arts; highly functional materials such as flat panel display materials, semiconductor materials and ink materials; and optical devices enhancing new investment in R &D and M &A.