May 30, 2012 / 4:57 AM / 5 years ago

Olympus to cut 2,500 jobs in turnaround bid - Nikkei

A customer looks at a digital camera next to an advertisement for Olympus Corp at an electronics store in Tokyo April 10, 2012.Yuriko Nakao/Files

TOKYO (Reuters) - Japan's Olympus Corp (7733.T) plans to cut 2,500 jobs, or roughly 7 percent of its workforce, the Nikkei business daily said, as the medical equipment maker restructures its business to strengthen its finances following a scandal that halved its market value.

Reporting by Mayumi Negishi; Editing by Chris Gallagher

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