Just In
- 7 hrs ago Dell Introduces AI-Powered Laptops and Mobile Workstations for Enterprises in India
- 9 hrs ago Meta AI Powered by Llama 3 Takes Aim at ChatGPT and Gemini: All You Need to Know!
- 9 hrs ago OnePlus Ace 3 Pro Leak Hints at New Design; Expected Launch, Specifications We Know So Far
- 10 hrs ago Vivo V30e Launch Date in India set for May 2: Flipkart Availability Confirmed
Don't Miss
- Movies Chief Detective 1958 Episode 2 OTT Release Date, Time, Platform: When & Where To Watch? What To Expect? DEETS
- Lifestyle Golden Rules To Follow For Happy Marriage For A Long Lasting Relationship
- Sports IPL 2024: LSG vs CSK Award Winners, Man of The Match, Post-Match Presentation, Scorecard & Records
- News Chinese President Xi Jinping Orders Biggest Military Reorganisation Since 2015
- Education Exam Pressure Does Not Exist; Studying Punctually is Crucial; Says Aditi, the PSEB 2024 Topper
- Finance Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY
- Automobiles Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More
- Travel Journey From Delhi To Ooty: Top Transport Options And Attractions
Nikon shuts down a camera assembling facility in Eastern China
Nikon, announced today that it had to shut down a factory in Eastern China that was responsible for assembling Nikon 1 series of interchangeable lens cameras.
One of the largest manufacturers of optics and imaging products, Nikon, announced today that it had to shut down a factory in Eastern China that was responsible for assembling cameras. The instance reminds us that rise of smartphones is eventually killing all the other standalone gizmos available in the market including the music players, cameras and navigation devices.
Operations at the factory had stopped a while back and now the employees of the workplace will be dismissed. The factory used skills of 2,200 workers who worked on assembling the Nikon 1 series of interchangeable lens cameras since 2002. Nikon has announced that the employees of the factory will be compensated at higher standards than required to meet the Chinese law.
Nikon's spokeswoman Luan Xiaofei stated, "We will move some production lines elsewhere, with Thailand being one of the destinations. But none of the plants will produce the same models of cameras we used to make in Wuxi."
"We foresee that there will be more plant closures by multinationals in China in the coming future," said Li Jin, chief researcher with the China Enterprise Research Institute, a government-backed think tank in Beijing. "It will cost jobs, but such multinationals left behind a trained labor force which could be used by newcomers on the higher end of value chain."
Nikon said it remains committed to China, and its operations in Guangdong and Zhejiang provinces that make components for cameras are unaffected, according to its spokeswoman Luan.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599
-
8,893