Japanese electronics maker Omron to cut 2,000 jobs | NHK WORLD-JAPAN News ...Middle East

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Japanese electronics maker Omron is slashing about 2,000 jobs globally, or around 7 percent of its workforce. The company blames a slump in its China operations for the cuts. The Kyoto-based firm will offer voluntary retirement to about 1,000 workers in Japan. That’s 10 percent of its domestic workforce. It says the main target will be full-time employees aged 40 or older who have been with the company for at least three years. The buyouts are the first by Omron in about 22 years. The company’s woes are due to a downturn in its mainstay factory automation equipment business. Its biggest customers are in China, where the economy is slowing. Omron recently cut its net profit forecast for thi

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