Japanese corporation Canon, which specializes in the production of digital equipment, announced its intention to reduce its costs. We are talking about the amount of 4.84 billion US dollars (400 billion yen).
It is expected to make reductions in the next 4 years. The reason for this move was the expected reduction in profits due to the strengthening of the yen and the slowdown in economic growth - according to calculations, annual profits could be reduced by about 100 billion yen.
An important factor in reducing costs will be the increased use of robots in the company's production, in particular in the production of optics for SLR cameras.
By 2015, the company's management expects to increase profits. At least 40 percent. And the ongoing restructuring is the first step towards this.