Ricoh announced that it will be cutting jobs in its Priorslee factory, in its office and administrative staff. Production line and warehouses workers will not be affected. Director Rod Baggot, expects to announce how many workers will be cut within the next two weeks. Despite a good year last year, experiencing only very minimal impact from the Japan earthquake, Ricoh as a group, however, has suffered a lot. President and Chief Executive of Ricoh Group, Shiro Kondo, announced last year, that they plan to cut 10,000 jobs globally. The Priorslee factory currently employs about 800 employees.

Source: based on an article from www.bbc.co.uk, 02/12/12