Hope fuji still can make it after this cost cutting exerciseFuji Photo Film Co., the world's fifth-biggest digital camera maker, will eliminate 5,000 jobs and shift some production to China from Japan, in a reorganization that it expects to reduce full-year profit by 77 percent.
Fuji Photo's plan symbolizes an end to the film camera era,'' said Hiroshi Chano
I had expected demand for color film to fall about 10 percent year-on-year,'' Chief Executive Shigetaka Komori said at a news conference in Tokyo today. ``But the decline is continuing at more than 20 percent.''
The end of film is near??The company will stop production of some color films in Japan, Europe and the U.S. and cut back on marketing and sales costs, the statement said.