Nikon confirms that it’s closing two factories in Japan

By Usman Dawood a day ago

Nikon has announced that it’s set to close two of its lens factories in March

(Image credit: Future)

If you’re a Nikon shooter, you may want to look away now. Nikon has recently announced that it will be closing two of its interchangeable lens factories in Japan. The closure is due to take place in March 2021. 

The closures come as part of Nikon’s plan to reduce its overall operational costs by 59%. With Nikon facing stiff competition from its competitors and a market that’s shrinking overall, it’s not surprising that Nikon has taken this unfortunate decision.

Nikon has confirmed that two of its factories, the Aizu factory and the Nagai factory, will be closing in March this year. These factories focused on manufacturing interchangeable lenses for digital cameras such as the Nikon Z 7II and the Z 6II.

A spokesperson from Nikon has said, “We will ask 108 employees working at the Nagai factory and 54 employees at the Aizu factory to move to the factory in Otawara City, and if it is difficult to move, we will support reemployment.”

Nikon has also confirmed that it plans on moving all of its manufacturing to Thailand, where it is already operating. This consolidation could help the company reduce its overall costs and streamline the business.

While this might initially be bad news for both the company and the industry as a whole, this could turn out to be a good move for Nikon. By streamlining its business, Nikon will hopefully be securing its position for the future.