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Canon to Close Plant in Tijuana, Cuts 450 Jobs

Friday, March 08, 2002

Press release from the issuing company

March 8, 2002 -- Canon Inc. plans to shut down its inkjet printer plant in Tijuana and a support office in California, releasing nearly 450 people. A company statement said Canon would move production to Thailand and Vietnam to reduce costs. The process will start in May with 417 employees in Tijuana Mexico losing their jobs and another 33 to be let go from a customer support office in Costa Mesa, Calif. The Tokyo -based company blamed the move on increasing competition to manufacture highly functional inkjet printers and the dramatic fall in product prices.




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