Fuji Xerox sales played down by execs
- 21 March, 2001 12:08
Fuji Xerox Australia maintains the decision to sell half of Fuji Xerox to Fuji Photo Film in a $US1.3 billion deal will bring greater focus to product development.
Xerox has not been travelling well in recent months. The company cut 2000 jobs in the last three months of 2000, and announced a further 4000 layoffs by the end of March, as part of a restructure of the company.
But according to the CEO of Fuji Xerox Australia, Philip Chambers, the sale will be a plus for operations in Australia as it will provide a sounder financial base, without cutting the subsidiary off from the products and support of the Xerox corporation.