Ricoh is reviewing its operational strategy and one of the options it is considering is exiting the camera market altogether, according to a report.

The news comes from Nikkei, Japan’s leading stock index, which reported:

The Japanese company will radically review a production and manufacturing strategy centered on cameras for the retail market, including such brands as Pentax and GR. Options include withdrawing from this segment altogether.

In America, Ricoh is laying off 1,000 workers as it restructures its sales network to reduce overlap with companies it has acquired. In Japan, the company plans to offer early retirement, including to employees who have stayed on past the usual retirement age.

However, Ricoh was quick to issue a statement denying the report, suggesting it wants to introduce more high-end cameras.

Via Pentax Rumors

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Jeff Meyer
Website Editor
Jeff is our Website Editor. He's been a journalist for more than 20 years and began taking pictures as a teenager in the US with an old Pentax K1000 and a 50mm f/1.4 lens.

He has worked for the UK’s photography press for the past 10 years with Amateur Photographer and, most recently, editing Photography Week and the Digital Camera World website.

Got a news story then drop Jeff an email at jeff@camerajabber.com