Japan’s Epson to Reduce Overseas Operations, CEO Says
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Japanese manufacturer Seiko Epson Corp. plans to reduce its workforce overseas and consolidate production sites in a bid to cut costs, Chief Executive Officer Yasunori Ogawa told Kyodo News in an interview.
The company, which makes printers and scanners, is taking the steps as offices use less paper. Epson plans to shut its semiconductor production hub in Singapore in 2027, and move some operations to Malaysia and Indonesia, the report said.