BY KANA INAGAKI
TOKYO?Olympus Corp. said Friday it will cut its global workforce by some 7% in two years and streamline non-core operations to bolster its finances following a $1.5 billion accounting scandal that has left it with a razor-thin capital cushion.
The Japanese maker of cameras and medical-imaging equipment is also considering various measures to raise fresh capital, including equity tie-ups and the issuance of new shares, its president said.
"We did not think it would take this long" to decide on a capital-raising plan, Hiroyuki Sasa said at a ...
BY KANA INAGAKI
TOKYO?Olympus Corp. said Friday it will cut its global workforce by some 7% in two years and streamline non-core operations to bolster its finances following a $1.5 billion accounting scandal that has left it with a razor-thin capital cushion.
The Japanese maker of cameras and medical-imaging equipment is also considering various measures to raise fresh capital, including equity tie-ups and the issuance of new shares, its president said.
"We did not think it would take this long" to decide on a capital-raising plan, Hiroyuki Sasa said at a ...
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