| Submit your comments on this article |
| Economy |
| 400 jobs lost as SC company announces consolidation of 4 manufacturing plants |
| 2021-07-02 |
| [TheState] Fujifilm Manufacturing U.S.A. Inc. announced it will lay off 400 South Carolina employees as it plans to consolidate four Greenwood manufacturing plants. The consolidation plans will relocate manufacturing to other facilities and third parties and is expected to take place by September 2022, the company said in a news release Thursday. The Greenwood employees learned the news Thursday morning, the company said. "Market economic trends and a declining demand for many of the products manufactured in Greenwood challenged us to focus on how we adapt our efforts to continue to build a global, sustainable approach for Fujifilm," President Todd Croker said in a press release. The market economic trends and declining demand are reflected in Fujifilm’s financial results. In the company’s most recent fiscal year, revenue and income were down 5.3% and 11.3% respectively from the previous year, according to the company’s FY2020 consolidated financial statements. Fujifilm, a Japanese corporation, has operated in Greenwood since 1988, with a 500-acre campus that produces QuickSnap recyclable cameras, inkjet photographic paper, color photographic paper and digital printing plates, according to the company’s website. The company says it has invested some $1.8 billion in its Greenwood operations over the past three decades. |
| Posted by:Besoeker |
| #1 I thought film was dead? |
| Posted by: Skidmark 2021-07-02 12:10 |