RICOH CO (JP:7752) has released an update.
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Ricoh Company, Ltd. has announced the implementation of a voluntary retirement program in Japan, aiming to reduce its workforce by approximately 1,000 people as part of a broader strategy to transform into a digital services company. The program is part of Ricoh’s Corporate Value Improvement Project to enhance profitability and align its business model with the evolving digital landscape. The company anticipates a one-time cost of 16 billion yen for the program in fiscal 2024 but expects cost savings of 9 billion yen in fiscal 2025.
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