GREENWOOD, S.C. (AP) — Japanese photo giant Fujifilm Corp. is closing several plants in South Carolina as more than half its employees in the state will lose their jobs.
Fujifilm will close four facilities in Greenwood by September 2022, eliminating 400 of the roughly 700 jobs in the state, the company told The Index-Journal of Greenwood on Thursday.
The company said declining demand for the recyclable cameras, photographic paper and digital printing plates made at the Greenwood plant led to the decision.
Fujifilm will keep about 300 employees in Greenwood to work in warehouses, with its personalized photo projects and in roles like human resources, finance and environmental components.
The Tokyo-based company first opened its South Carolina facilities in 1988, investing nearly $2 billion in the state over the past 33 years.
Before you consider ONE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONE wasn't on the list.
While ONE currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
