As Chinese manufacturers rise, Japan's Omron will lay off 2,000 people globally

According to news from this website on February 27, Japanese automation equipment manufacturer Omron Corp. announced that due to the decline in business in the Chinese market, it will lay off approximately 2,000 employees worldwide.

According to the survey of this site, Omron is mainly engaged in the control equipment business. It is understood that the company's last major layoffs were in 2002, when about 1,500 employees left.

Japan's Omron plans to accept voluntary retirement applications from about 1,000 employees from April 10 to the end of May, which is equivalent to 10% of its total employees. Eligible employees are mainly regular employees who are over 40 years old as of July 20 this year and have at least three years of service.

Omron President Junta Tsujinaga said at an online news conference that Omron’s business in China is “in trouble due to the rise of local manufacturers.”

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