Japan’s Konica Minolta to cut 2,400 jobs, book $132 million in expenses


TOKYO (Reuters) – Japan’s Konica Minolta said on Thursday it will trim 2,400 jobs worldwide during the current fiscal year as part of structural reform.
TOKYO (Reuters) – Japan’s Konica Minolta said on Thursday it will trim 2,400 jobs worldwide during the current fiscal year as part of structural reform.
The office business company is expected to book about 20 billion yen ($131.87 million) in one-time expenses for the financial year ending in next March.
($1 = 151.6700 yen)
(Reporting by Satoshi Sugiyama; Editing by Kim Coghill)
Corporate strategy is a comprehensive plan formulated by an organization to achieve its long-term goals and objectives, guiding decisions on resource allocation, market positioning, and competitive advantage.
One-time expenses are costs that are not expected to recur in the future, often associated with specific events or changes, such as restructuring or major investments.
Structural reform refers to significant changes made to the policies, regulations, or operations of an organization or economy to improve efficiency, productivity, and overall performance.
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