Canon Australia Loses Profit In 2013, Reduces Employees In 2014

Canon Australia will cut its staff by 10% in 2014 as result of having reduced the profit from $38.6 million in 2013 to just $4.1 in 2013. That’s a huge loss!

Canon will outsource some of the roles covered by approximately 100 staff in ‘administration and back-office support jobs’ to business process management firms Genpact and Convergys, and is reported as saying the restructure will ‘streamline its office operations to increase efficiencies and better serve its customers’.

The whole story can be read at Photocounter Australia.