Nikon has 1000 Crunch Victims on the way.
Nikon is to cut about 1000 jobs from its domestic plants. It also plans to downsize its subsidiaries in Sinapore and transfer parts of the business to Taiwan Job cuts are expected to save about 8 billion Yen or 84 million Dollars.
Nikon forecasts a net loss of 17 billion yen ($179 million) the fiscal year through March 2010. It posted a net profit of 28.1 billion yen last business year on sales of 879.7 billion yen.
The Tokyo-based manufacturer best known for its cameras have been hit particularly hard amid falling demand for steppers, a device used to make semiconductors.
Total losses = 1000
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