Nikon plant falls vic­tim to smart­phones

China Daily (Canada) - - NEWS CAPSULE -

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.

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