Olympus to Cut 2,700 Jobs by 2014 as Part of Turnaround Plan

Olympus to Cut 2,700 Jobs by 2014 as Part of Turnaround Plan

Tomohiro Ohsumi/Bloomberg

Olympus Corp. will cut 2,700 jobs and restructure production sites as the Japanese camera maker seeks to recover after writing down assets following a $1.7 billion accounting-fraud scandal.