The Recycler
  • Ambiente 2025 Masthead
  • Biuromax Masthead web banner March 2024
  • G&G Masthead August 2024
  • Katun web banner December 2022 NEW

Ricoh looking to downsize workforce by 2,000

September 12, 2024

Ricoh published a notice regarding the implementation of the voluntary retirement programme “Second Career Support Programme” in Japan Ricoh Company, Ltd.

The company announced that as part of the Corporate Value Improvement Project, it has decided to implement a voluntary retirement programme “Second Career Support Program” in Japan.

To build a business management structure befitting a digital services company, the company has been working on the Corporate Value Improvement Project since April 2023. Ricoh has explored challenges from multiple angles to enhance its corporate value. These efforts have included engaging with shareholders, investors, and analysts, and considering capital market perspectives.

The company recognises its biggest challenge is to improve profitability.

In transitioning to a digital services company, the company is overhauling its profit structure to better align with its business model. The project is being driven in four respects:

1) Acceleration of Office Services profit growth
2) Transformation of Headquarters,
3) Acceleration of the strategic selection and concentration of its business areas, and
4) Transformation of the Office Printing business structure.

To further accelerate the transformation, Ricoh said it is strengthening necessary skills and capabilities as a digital services company and optimising the personnel structure in each region in line with the changes in the business environment.

Along with the on-going overseas structural reforms, Ricoh said it newly implemented the “Second Career Support Programme” in Japan, to optimise workforce globally. With this programme, the company aims to optimise the headcount of approximately 1,000 people in Japan, within the company and Japan domestic group companies.

Ricoh said: “As a result, we expect to optimise the headcount of approximately 2,000 people in total globally. These measures are implemented in accordance with the labour laws, rules, and regulations of each region and country.

The resulting cost reduction effect is expected to be ¥9 billion ($63.07 million/ €57.24 million) in fiscal 2025.

Categories : City News

Tags : Business Cost Reduction Employees Retirement Ricoh

  • Ink Tank September 2024 Web ad
  • Static Control June 2022 Big & Bold Ad
  • Biuromax web banner July 2024
  • G&G Big & Bold Web banner January 2024
  • Cartridge Web Oct 2024 Web Banner
  • TN Group Oct 2024 Web ad
  • IR Italiana Web ad January 2021
  • GM Technology October 2024
  • Apex September 2024 Web ad
  • HYB Web banner Jan 2024
  • CET Web ad December 2023
  • PCL Oct 2024 Web banner
  • denner UK Web Banner Jul 2024
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • Mito Web banner June 2024
  • denner UK Web Banner Jul 2024
  • CET Web ad December 2023
  • ITP Web ad January 2021
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • Mito Web banner June 2024
  • PCL Oct 2024 Web banner
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Denner Feb 2024 Web Ad
  • Mito Web banner June 2024
  • denner UK Web Banner Jul 2024
  • PCL Oct 2024 Web banner
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • CET Web ad December 2023

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark