Canon has shut down one of its major printer production facilities in mainland China, reports the South China Morning Post. The closure highlights the growing clout of domestic brands in the country’s printing market.
The plant, which specializes in manufacturing laser printers in Zhongshan city, Guangdong, ceased operations on Nov 21. The company told employees the shutdown was attributed to a shrinking market and intensifying competition from rising local brands, according to local media reports.
Canon’s skilled workforce has already attracted attention from recruiters. Fliers were distributed outside the factory gates by local electronics manufacturers seeking to hire experienced staff suddenly available on the market.