Jones Lang LaSalle
Layoffs planned
Konica Minolta plans to cut 220 or more jobs at its New Jersey sites as part of a restructuring effort, the company said.
The company said it expects 140 to 150 workers will be eliminated at its Mahwah-based Konica Minolta Photo Imaging USA operation and 80 more from its film processing plant in Mount Laurel.
The first job cuts at Mahwah will take place in March, the company said, with a complete shutdown expected by the end of the year. The Mahwah facility has been Konica Minolta's base for sales and marketing of cameras and film in North America.
The cuts are related to Konica Minolta's recent decision to exit the camera and color film businesses amid increased competition and the shift to digital cameras. Parent company Konica Minolta Holdings of Tokyo said last week that it planned 3,700 job cuts worldwide, more than 10 percent of its work force.
-- Associated Press
Layoffs planned
Konica Minolta plans to cut 220 or more jobs at its New Jersey sites as part of a restructuring effort, the company said.
The company said it expects 140 to 150 workers will be eliminated at its Mahwah-based Konica Minolta Photo Imaging USA operation and 80 more from its film processing plant in Mount Laurel.
The first job cuts at Mahwah will take place in March, the company said, with a complete shutdown expected by the end of the year. The Mahwah facility has been Konica Minolta's base for sales and marketing of cameras and film in North America.
The cuts are related to Konica Minolta's recent decision to exit the camera and color film businesses amid increased competition and the shift to digital cameras. Parent company Konica Minolta Holdings of Tokyo said last week that it planned 3,700 job cuts worldwide, more than 10 percent of its work force.
-- Associated Press
posted by Jones Lang LaSalle NJ News Blog at 11:19 AM
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