Olympus May Cut Jobs in Aggressive Push to Increase Margins, saying every option (also sale) is on the table for the Imaging Business

Today Chief Executive Officer Yasuo Takeuchi said:

“The issue of personnel will naturally need to be addressed. It’s a strategy to improve performance, and something that will come about in due course.”

And Bloomberg writes:

Takeuchi also backtracked on some of his comments in the past that the camera business was not for sale, saying that may not be the case anymore. The imaging unit, which makes up 6% of sales, is the lowest margin and lowest growth businesses in Olympus’s portfolio, according to past company presentations. Olympus is working to stabilize the imaging business by focusing on its main markets, a spokeswoman said.

As suspected Olympus will keep trying to cut costs and personnel to reduce the imaging business losses. Not an exciting business strategy 🙁 But again, it’s something nearly all companies have to do to survive the shrinking market.

And as I reported in these weeks there is no valid evidence for the “rumor” saying they will sell  the business within 8 months. I am actually  certain that  in the short-mid term Olympus will keep the Imaging Business.  And that statement they made today may  be just a way to please certain US  investors…