Ricoh to buy Pentax camera business from Hoya

RioRico · 07-17-2011, 09:38 AM

Originally posted by Blue

Ricoh has stated 10,000 people will find themselves out of a job over the next three years (May 26, 2011).

They said how many, but not where or how. What is their normal attrition / turnover rate? I'll guess the reductions will be a combination of firings (closing operations), and not refilling vacant positions (retirement and general quitting). I'll also guess that many reductions will be in areas where their business is declining: copiers and printers. That is unfortunately how business cycles work: hiring in booms, firing in busts. Welcome to supply and demand.

Blue · 07-17-2011, 09:50 AM

Originally posted by RioRico

They said how many, but not where or how. What is their normal attrition / turnover rate? I'll guess the reductions will be a combination of firings (closing operations), and not refilling vacant positions (retirement and general quitting). I'll also guess that many reductions will be in areas where their business is declining: copiers and printers. That is unfortunately how business cycles work: hiring in booms, firing in busts. Welcome to supply and demand.

They stated it would by 9% of their workforce worldwide. This is why I like to see sustainability approach to business building. For what its worth, in April of 2010, Ricoh started an institute of sustainability.

Kunzite · 07-17-2011, 10:38 AM

Originally posted by Blue

Ricoh has stated 10,000 people will find themselves out of a job over the next three years (May 26, 2011).

Yes, 10,000 "Ricoh Golden Boys" will find themselves out of a job... how is that supporting Yvon's story?

Blue · 07-17-2011, 11:19 AM

Originally posted by Kunzite

Yes, 10,000 "Ricoh Golden Boys" will find themselves out of a job... how is that supporting Yvon's story?

The May 26th article said "over the next 3 years" and after Oct 1, there will still be over 2 years and 7 months on that prediction . . .

Edit: I find it hard to believe that the Pentax purchase just magically appeared between May 26th and Jul 1.

Edit: Edit: The Pentax "Golden Boys & Girls" will be moving to Denver.

Last edited by Blue; 07-17-2011 at 11:25 AM.

**Clinton** · 07-17-2011, 12:09 PM

I've been enjoying the continuing "news" on the sale price. We now have MSN reporting the sale at $77 million.

AFAIK, no one has said the actual sale price. We just have news agencies parroting what other news agencies say.

Kunzite · 07-17-2011, 12:13 PM

Originally posted by Blue

The May 26th article said "over the next 3 years" and after Oct 1, there will still be over 2 years and 7 months on that prediction . . .

So they not only planned, but announced in advance? Before having a chance to fully analysing the situation?
I doubt it.

Blue · 07-17-2011, 12:32 PM

Originally posted by Kunzite

So they not only planned, but announced in advance? Before having a chance to fully analysing the situation?
I doubt it.

You obviously haven't followed this thread.

BBC News - Japan's Ricoh to cut 10,000 jobs

Kunzite · 07-17-2011, 12:49 PM

I know about that; it's old news, really.
The question is: are they talking about current Ricoh workforce, or - as it was suggested - also about Pentax, i.e. planning to cut Pentax workforce before having a chance to analyse the situation? My guess is that it's unrelated to Pentax.
Keep in mind that Pentax was already restructured by Hoya, there is little "fat" left.

Blue · 07-17-2011, 07:00 PM

Originally posted by Kunzite

I know about that; it's old news, really.
The question is: are they talking about current Ricoh workforce, or - as it was suggested - also about Pentax, i.e. planning to cut Pentax workforce before having a chance to analyse the situation? My guess is that it's unrelated to Pentax.
Keep in mind that Pentax was already restructured by Hoya, there is little "fat" left.

I guess only Ricoh knows that. I suspect that most of it will be international copier folks. I wonder if this was part of the overall future planning in preparation for acquiring Pentax etc. Hoya did cut some fat but they also cut some key people as well.

Kunzite · 07-17-2011, 10:57 PM

From what they said, it was a necessary and long postponed move.

falconeye · 07-18-2011, 12:08 AM

Originally posted by Clinton

I've been enjoying the continuing "news" on the sale price. We now have MSN reporting the sale at $77 million.

AFAIK, no one has said the actual sale price. We just have news agencies parroting what other news agencies say.

There are no news about the sales price and there never was.

The original article contained a speculation that the sales price was 10 billion Yen. That's a rounded number (read, it is a guess out of the blue) and most likely wrong by a factor of 2 at least.

English-speaking publications unseriously translated 10 billion to 134 million (USD) or 77 million (GBP) which is wrong because a guess can't be translated to an exact figure. If at all, it should have been translated to 100 million, whether be it Euro, Dollars or Pound. The 77 million $ is a simple "lost in translation" bug when copy pasting text from a UK source to the US.

We may see exact figures with Hoya's first quarterly report after Oct. 1st. Maybe.

SoCalRailRoadGuy · 07-18-2011, 02:59 AM

Originally posted by audiobomber

Here's a new article on the acquisition from Pentax UK.

Pentax UK speaks out on Ricoh sale | News | TechRadar UK

Everything I hear about Ricoh and Pentax sounds good to me.

Great article, thanks! It's certainly encouraging, I hope this goes for the U.S. Division as well, and not just the UK or Europe. Pentax can get a lot of business here from Nikon and Canon if they work at it, Canikon can't be king forever in America, or can they?

Zygonyx · 07-18-2011, 06:23 AM

Originally posted by falconeye

There are no news about the sales price and there never was.

The original article contained a speculation that the sales price was 10 billion Yen. That's a rounded number (read, it is a guess out of the blue) and most likely wrong by a factor of 2 at least.
...
We may see exact figures with Hoya's first quarterly report after Oct. 1st. Maybe.

Definitelty so, the only figures given in the common statement do concern Pentax VN, and not the complete deal including all subsidiaries involved in distribution/marketing/R&D over the rest of the world.
The deal will be fixed by next october the 1st.

SoCalRailRoadGuy · 07-18-2011, 06:37 AM

Don't you mean this upcoming October 1st? Or is it next October?

Mistral75 · 07-18-2011, 06:38 AM

October 1st, 2011.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Pentax Lens Compatibility with Ricoh camera?	Chairman_Xi	Pentax SLR Lens Discussion	5	03-08-2011 07:56 PM
Hoya Sells Pentax-Brand Survey Instrument Business	Biro	Pentax News and Rumors	18	12-12-2009 02:30 AM
HOYA CEO admits not keeping Pentax camera division in the HOYA group?	yakiniku	Pentax News and Rumors	61	10-18-2009 02:15 PM
If Hoya still buys Pentax and quits camera business..	RiceHigh	Pentax News and Rumors	51	05-17-2007 07:43 AM

07-17-2011, 09:38 AM	#721
RioRico Veteran Member Join Date: Jun 2008 Location: Limbo, California Posts: 11,263	Originally posted by Blue Ricoh has stated 10,000 people will find themselves out of a job over the next three years (May 26, 2011). They said how many, but not where or how. What is their normal attrition / turnover rate? I'll guess the reductions will be a combination of firings (closing operations), and not refilling vacant positions (retirement and general quitting). I'll also guess that many reductions will be in areas where their business is declining: copiers and printers. That is unfortunately how business cycles work: hiring in booms, firing in busts. Welcome to supply and demand.

07-17-2011, 09:50 AM	#722
Blue Moderator Site Supporter Join Date: Jun 2008 Location: Florida Hill Country Photos: Gallery \| Albums Posts: 17,377	Originally posted by RioRico They said how many, but not where or how. What is their normal attrition / turnover rate? I'll guess the reductions will be a combination of firings (closing operations), and not refilling vacant positions (retirement and general quitting). I'll also guess that many reductions will be in areas where their business is declining: copiers and printers. That is unfortunately how business cycles work: hiring in booms, firing in busts. Welcome to supply and demand. They stated it would by 9% of their workforce worldwide. This is why I like to see sustainability approach to business building. For what its worth, in April of 2010, Ricoh started an institute of sustainability.

07-17-2011, 10:38 AM	#723
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	Originally posted by Blue Ricoh has stated 10,000 people will find themselves out of a job over the next three years (May 26, 2011). Yes, 10,000 "Ricoh Golden Boys" will find themselves out of a job... how is that supporting Yvon's story?

07-17-2011, 11:19 AM	#724
Blue Moderator Site Supporter Join Date: Jun 2008 Location: Florida Hill Country Photos: Gallery \| Albums Posts: 17,377	Originally posted by Kunzite Yes, 10,000 "Ricoh Golden Boys" will find themselves out of a job... how is that supporting Yvon's story? The May 26th article said "over the next 3 years" and after Oct 1, there will still be over 2 years and 7 months on that prediction . . . Edit: I find it hard to believe that the Pentax purchase just magically appeared between May 26th and Jul 1. Edit: Edit: The Pentax "Golden Boys & Girls" will be moving to Denver. Last edited by Blue; 07-17-2011 at 11:25 AM.

07-17-2011, 12:09 PM	#725
Clinton Site Supporter Join Date: Feb 2010 Location: Salt Lake City, UT Photos: Gallery \| Albums Posts: 1,910	I've been enjoying the continuing "news" on the sale price. We now have MSN reporting the sale at $77 million. AFAIK, no one has said the actual sale price. We just have news agencies parroting what other news agencies say.

07-17-2011, 12:13 PM	#726
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	Originally posted by Blue The May 26th article said "over the next 3 years" and after Oct 1, there will still be over 2 years and 7 months on that prediction . . . So they not only planned, but announced in advance? Before having a chance to fully analysing the situation? I doubt it.

07-17-2011, 12:32 PM	#727
Blue Moderator Site Supporter Join Date: Jun 2008 Location: Florida Hill Country Photos: Gallery \| Albums Posts: 17,377	Originally posted by Kunzite So they not only planned, but announced in advance? Before having a chance to fully analysing the situation? I doubt it. You obviously haven't followed this thread. BBC News - Japan's Ricoh to cut 10,000 jobs

07-17-2011, 12:49 PM	#728
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	I know about that; it's old news, really. The question is: are they talking about current Ricoh workforce, or - as it was suggested - also about Pentax, i.e. planning to cut Pentax workforce before having a chance to analyse the situation? My guess is that it's unrelated to Pentax. Keep in mind that Pentax was already restructured by Hoya, there is little "fat" left.

07-17-2011, 07:00 PM	#729
Blue Moderator Site Supporter Join Date: Jun 2008 Location: Florida Hill Country Photos: Gallery \| Albums Posts: 17,377	Originally posted by Kunzite I know about that; it's old news, really. The question is: are they talking about current Ricoh workforce, or - as it was suggested - also about Pentax, i.e. planning to cut Pentax workforce before having a chance to analyse the situation? My guess is that it's unrelated to Pentax. Keep in mind that Pentax was already restructured by Hoya, there is little "fat" left. I guess only Ricoh knows that. I suspect that most of it will be international copier folks. I wonder if this was part of the overall future planning in preparation for acquiring Pentax etc. Hoya did cut some fat but they also cut some key people as well.

07-17-2011, 10:57 PM	#730
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	From what they said, it was a necessary and long postponed move.

Thread Tools	Search this Thread
	Search this Thread: Advanced Search

07-18-2011, 12:08 AM	#731
falconeye Veteran Member Join Date: Jan 2008 Location: Munich, Alps, Germany Photos: Gallery Posts: 6,871	Originally posted by Clinton I've been enjoying the continuing "news" on the sale price. We now have MSN reporting the sale at $77 million. AFAIK, no one has said the actual sale price. We just have news agencies parroting what other news agencies say. There are no news about the sales price and there never was. The original article contained a *speculation* that the sales price was 10 billion Yen. That's a rounded number (read, it is a guess out of the blue) and most likely wrong by a factor of 2 at least. English-speaking publications unseriously translated 10 billion to 134 million (USD) or 77 million (GBP) which is wrong because a guess can't be translated to an exact figure. If at all, it should have been translated to 100 million, whether be it Euro, Dollars or Pound. The 77 million $ is a simple "lost in translation" bug when copy pasting text from a UK source to the US. We may see exact figures with Hoya's first quarterly report after Oct. 1st. Maybe.

07-18-2011, 02:59 AM	#732
SoCalRailRoadGuy Junior Member Join Date: May 2011 Location: Redwood Valley, Nor*Cal (97--)/Pocatello,ID (90-97)/SoCal Born&Raised(71-90) Posts: 31	Originally posted by audiobomber Here's a new article on the acquisition from Pentax UK. Pentax UK speaks out on Ricoh sale \| News \| TechRadar UK Everything I hear about Ricoh and Pentax sounds good to me. Great article, thanks! It's certainly encouraging, I hope this goes for the U.S. Division as well, and not just the UK or Europe. Pentax can get a lot of business here from Nikon and Canon if they work at it, Canikon can't be king forever in America, or can they?

07-18-2011, 06:23 AM	#733
Zygonyx Pentaxian Join Date: Jun 2011 Location: Ile de France Posts: 4,032	Originally posted by falconeye There are no news about the sales price and there never was. The original article contained a *speculation* that the sales price was 10 billion Yen. That's a rounded number (read, it is a guess out of the blue) and most likely wrong by a factor of 2 at least. ... We may see exact figures with Hoya's first quarterly report after Oct. 1st. Maybe. Definitelty so, the only figures given in the common statement do concern Pentax VN, and not the complete deal including all subsidiaries involved in distribution/marketing/R&D over the rest of the world. The deal will be fixed by next october the 1st.

07-18-2011, 06:37 AM	#734
SoCalRailRoadGuy Junior Member Join Date: May 2011 Location: Redwood Valley, Nor*Cal (97--)/Pocatello,ID (90-97)/SoCal Born&Raised(71-90) Posts: 31	Don't you mean this upcoming October 1st? Or is it next October?

07-18-2011, 06:38 AM	#735
Mistral75 Pentaxian Join Date: Feb 2009 Location: Paris, France Posts: 7,526	October 1st, 2011.