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Olympus: Sale of its camera division and job cuts are on the table

Started by Redaktion, December 01, 2019, 15:49:40

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Olympus has plans to address "the issue of personnel" as part of a restructuring process, according to Bloomberg. Its CEO has hinted that the company may sell its camera division to help double its operating margin too.


"double its operating margin"?
Then...essentially the camera division was bleeding 50% of their total profit of other divisions combined?
It's a shame because Olympus makes some decent wares, especially regarding build quality, albeit somewhat overpriced compared to competitors with larger formats.

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