Ricoh, which makes digital cameras and office equipment, has announced plans to cut 10,000 jobs over the next three years.
The firm also plans to relocate around 15,000 staff to ?new/growth? areas, according to its medium-term management strategy.
Details of the restructuring have not been revealed, but Ricoh president Shiro Kondo told reporters in Tokyo that no area of the company would be exempt from streamlining, according to an article in the Wall Street Journal.
Ricoh aims to more than treble its operating income – from 60.1 billion yen this year, to 210 billion yen in 2014.