OKI Revises Printer Business Strategy, Announces Layoffs

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On March 28, OKI held an investor relations meeting on strategies for its printer business, which has been struggling with operating losses as a result of sales declines and the accounting scandal at Oki Systems Ibérica S.A.U. (see “OKI’s Cooked Books Cost Firm ¥30.8 Billion; Q1 Sales Up but Net Loss Widens”).According to the firm’s

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