As you know, the company Olympus sells a line of activities related to phototechnics. The new owner, Japan Industrial Partners (JIP), has revealed some details of how he intends to dispose of the acquisition.
First of all, the business will be preserved, i.e. the production of cameras and lenses is planned to continue. At the same time, the stake will be on the Micro Four Thirds system, as before. Apparently, JIP considered this to be the most economical way. Admitting that the camera market is shrinking rapidly, particularly due to the spread of new coronavirus infection, JIP expects demand from professional photographers and enthusiastic amateurs to continue.
At the same time, in the medium term, the consolidation of production at facilities located in Vietnam will continue. This means that over time, the production of expensive lens models will be moved from Japan to Vietnam. The number of personnel will be “adjusted to the optimal scale” as agreed with Olympus.