Nikon plant falls victim to smartphones
The use of smartphones to take pictures is causing the decline in sales of digital camera and leading Japanese digital camera maker Nikon to close its plant in Wuxi, East China’s Jiangsu province.
Nikon Imaging (China) Co Ltd (NIC) was established in Wuxi in 2002 and was responsible for the manufacturing digital cameras and lens units. The Japanese camera maker has two other digital camera production bases in Japan and Thailand.
“The compact camera market has been shrinking rapidly, leading to a significant decrease in the operating rate at NIC and creating a difficult business environment,” according to a company announcement.
A total of 2,268 employees working at NIC will be laid off.