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Tamron Cuts Job to Save Company from Financial Crisis

In recent news published at Nikki,Tamron will cut down jobs to manage the fincial loss, they have faced in the year of 2020 due to global lockdown. More detail below

Translated from Japanese Machine translation

  • Tamron announced on the 9th of Nov 2021, that it will solicit 200 voluntary retirements from employees working at two factories in Aomori prefecture that manufacture interchangeable lenses for digital cameras. The recruitment of voluntary retirement is the first in about 30 years since 1992, which is equivalent to about 40% of the domestic factory personnel.
  • In addition to the shrinking digital camera market due to the rise of smartphones, demand is declining due to the impact of the new coronavirus.
  • Tamron expects consolidated net income for the full year ending December 2020 to be 2.2 billion yen, down 58% from the previous year. The factory has been partially closed since May due to a sharp drop in demand due to the spread of the new corona infection.

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