Japan’s Ricoh to Cut 10,000 Jobs Over Three Years

Japanese office equipment and digital camera maker Ricoh said Thursday it plans to cut 10,000 jobs worldwide over three years to turn around sagging business operations. The cuts from a global workforce of over 100,000, Ricoh's first major wave of job losses, will be made both at home and abroad by March 2014.

Company president Shiro Kondo said no area of the company would be exempt from streamlining.

He declined to disclose the details of the job cuts, such as which countries and business segments would be affected. But the company said it would shift 15,000 workers to areas with more growth