Ricoh Dismisses Reports of Layoffs, Unit Sales

Ricoh Company of Tokyo, Japan, today refuted reports published by the Nikkei-Asian Review that it will be cutting some 4,000 jobs in Japan and Europe in its coming fiscal year that will begin in April 2018.

The Nikkei-Asian Review also said that Ricoh would be  as well selling a logistics unit in Japan, and an “aging factory for copiers and other office equipment, as well as recording “tens of billions of yen worth of impairment losses,”and setting aside “at least ¥200 billion” for mergers and acquisitions.

Ricoh refuted the report, published the following statement:

“Today, the Nikkei Newspaper mentioned possible structural reforms at Ricoh.

This has not been announced by Ricoh. Ricoh continually evaluates opportunities for structural reforms to further enhance its business growth.

If we need to make any announcements in this regard, we will do so in a timely manner.”

The Nikkei-Asian Review also reported that Ricoh has cut over 5,000 jobs in North America since beginning of this year.

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