Japan’s Epson to reduce overseas operations, CEO tells Kyodo

(Bloomberg) — Japanese manufacturer Seiko Epson Corp. plans to reduce its overseas workforce and consolidate production units in a bid to cut costs, CEO Yasunori Ogawa told Kyodo News in an interview.

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The company, which makes printers and scanners, is taking action as offices use less paper. Epson plans to close its semiconductor production center in Singapore in 2027 and move some operations to Myanmar and Indonesia, the report said.

The executive was also quoted as saying:

• The company intends to collaborate with Rapidus Corp., which wants to build next-generation chips in Japan

• Epson does not plan to cut jobs in Japan; he did not say how many jobs would be affected abroad

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