Tuesday, May 29, 2012

Olympus to cut 2,500 jobs in turnaround bid: Nikkei




TOKYO (Reuters) - Japan's Olympus Corp plans to cut 2,500 jobs, or roughly 7 percent of its workforce, the Nikkei business daily said, as the medical equipment maker restructures its business to strengthen its finances following a scandal that halved its market value.


(Reporting by Mayumi Negishi; Editing by Chris Gallagher)




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