Canon Zhuhai closes 32-year history, 1,300 people are expected to lose their jobs

Chinese media recently reported that Canon Zhuhai Co., Ltd., which has a history of nearly 32 years, will terminate the company’s production. The news has been confirmed by local officials, and Canon has also filed with the relevant authorities. At the same time, it provides employees with protection and related employment assistance in accordance with regulations. According to a report published by Canon in early December last year, the Zhuhai branch currently employs more than 1,300 employees, who will lose their jobs as a result.

Although Canon’s total investment in Zhuhai is as high as 220 million US dollars, the number of lenses produced in 2020 will reach 12.29 million, and the number of digital cameras and digital camcorders will be 1.029 million and 94,000 respectively. However, the global camera market has shrunk sharply, coupled with the Wuhan pneumonia The long-term ravages have made Canon Zhuhai face operational difficulties. After the joint efforts of the company and its employees, the predicament could not be reversed. The headquarters decided to terminate the operation of the company after the adjustment of the overall operating structure of the group.

Canon said in the announcement that it is preparing to offer preferential treatment plans to employees who have terminated their contracts, and will try to find other job opportunities for them. Canon Zhuhai Co., Ltd. is jointly held by Canon of Japan and Canon (China), which respectively hold 83.08% and 16.92% of the shares.

Source: cnbeta