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

Published by Uma Rajagopal

Posted on April 4, 2024

1 min read

· Last updated: January 30, 2026

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Konica Minolta logo with headlines about job cuts and restructuring - Global Banking & Finance Review
Image featuring the Konica Minolta logo alongside news of 2,400 job cuts and $132 million in expenses, highlighting significant restructuring in the company as reported in the banking and finance sector.
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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. The office business company is expected to book about 20 billion yen ($131.87 million) in one-time expenses for […]

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.

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)

Frequently Asked Questions

What is corporate strategy?
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.
What are one-time expenses?
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.
What is structural reform?
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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