This act immediately cut the cost of rental and operation costs of the Nikon HQ premises. This is a huge saving.
It means staff in Nikon Malaysia will be retrenched. Cutting a huge manpower cost.
It means Japanese expats posted to Nikon Malaysia will be reposted elsewhere. Maybe to Thailand.
But in the long term Nikon will survive.
The user base of Nikon is big.
Take note that this move may be a reflection on Malaysia; rather than on Nikon.
Likewise Sony had pulled out of Brazil entirely.
Not wise to stereotype work ethics based on race.I guess a bit differently.
Somehow Nikon did not pull out of Thailand, USA and Singapore.
Nikon was able to lay off 500 staff in Thailand and 200 staff in Laos.
Nikon was able to cut costs and respond to the Covid-19 effect on sales, because the system in those countries allowed for it to happen.
There may be a problem in certain countries.
If you are an employer, particularly in 2 other countries, it is very difficult to dismiss workers who are lazy and troublemakers.
Especially if their unions play the race & religion card.
The only way is to close down ALL operations.
That is, all right - this is what you want - then everybody loses.
Nikon facing serious crisis in chipmaking - as well as camera business - EOSHD.com - Filmmaking Gear and Camera Reviews
Nikon has seen huge financial losses this year, and it isn’t just the camera business that’s in trouble. Nikon’s other core business, semiconductor manufacturing equipment, supplies 70-90% of their chipmaking machines to Intel – but the US company’s investment in the machinery has run its...www.eoshd.com