Nikon cuts 1,500 Thai jobs on weak sales - paper

Newswire

BANGKOK, Nov 22 (Reuters) - Japanese camera maker Nikon laid off 1,500 staff at its Thai plants, the latest move by global firms seeking to cut costs amid weak sales due to the global financial crisis, the Bangkok Post said on Saturday.

Nikon (Thailand) Co. decided to terminate the employment of the workers on Friday because it had received far fewer orders from the United States, Japan and Canada, the newspaper said.

"All the dismissed workers are under subcontracts and ...

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