Fuji Photo to Cut 5000 Jobs

dpreview.com -> bloomberg.com (backblog) :

Fuji Photo Film Co., the world's fifth-biggest digital camera maker, will eliminate 5,000 jobs and shift some production to China from Japan. The company, which makes FinePix digital cameras, had 75,638 workers worldwide as of March 2005, according to its Web site.

Fuji Photo, founded in 1934, is the latest in the industry to cut costs amid falling prices and as people switch to digital cameras from film. Eastman Kodak Co., the world's largest photography company, yesterday posted a fifth straight loss, while Konica Minolta Holdings Inc. earlier this month said it will exit its century-old camera business.

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