Nikon to Reduce 20% of Global Workforce and Moves Production of Camera Bodies from Miyagi Prefecture to Thailand

Nikon announced on the November 5th that it will reduce the number of employees overseas by more than 2,000 (about 20% of the total overseas) by March 2022. With the rise of smartphones and the expansion of the new coronavirus, the performance of the main camera business is deteriorating. We will consolidate the manufacturing of camera bodies from Miyagi prefecture to Thailand and hurry to reduce costs by integrating sales companies.

Source: https://www.nikkei.com/article/DGXMZO65883320V01C20A1TJ2000/