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Canon announced the closure of the Zhuhai company, which has been in operation for 32 years, due to the impact of the epidemic + the camera market has shrunk

IT Home January 13 news, Canon Zhuhai Co., Ltd. issued an announcement on January 12, 2022, announcing that it will terminate the company's production and propose compensation plans for employees.

Founded in 1990, the company has been able to continue to operate for 32 years thanks to the long-term hard work and positive contributions of all employees with the strong support of the local government. However, in recent years, the global camera market has shrunk sharply, coupled with the long-term ravages of the new crown pneumonia virus, the company's operation is facing unprecedented difficulties, although the company and all employees work together, but still failed to reverse the dilemma, the headquarters had to adjust the overall operating structure of the group, after careful study, made a difficult decision: to terminate the company's production.

Canon announced the closure of the Zhuhai company, which has been in operation for 32 years, due to the impact of the epidemic + the camera market has shrunk

IT Home learned that Canon's Zhuhai plant could produce lenses and cameras in the early years, and then successively produced printers, fax machines, scanners, CIS contact image sensors and other products. In recent years, the company's main products include: lenses, digital cameras, digital video cameras and so on.

Canon Zhuhai Co., Ltd. said that it fully understands the huge impact of this decision on employees, and intends to propose a preferential treatment plan for employees to terminate their labor contracts by consensus, and strive to provide compensation schemes and humane care that exceed the statutory standards. In addition, efforts will be made to coordinate the placement of employees, establish special organizations, and actively provide high-quality jobs in the same region.

Canon announced the closure of the Zhuhai company, which has been in operation for 32 years, due to the impact of the epidemic + the camera market has shrunk

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