What’s happening at Ricoh?

Ricoh has confirmed plans to cut approximately 2,000 jobs from its global workforce, citing reduced usage and sales of office MFP (multi-function printer) products. This move comes as part of the company’s shift to focus on profitability and align with its broader move toward becoming a digital services company.

Key details

• Ricoh’s job cuts will impact various regions, with a significant portion centered in Japan.
• The company has introduced a “Second Career Support Program” in Japan, which will facilitate voluntary retirement and reduce Ricoh Japan’s workforce by about 1,000 employees, with an additional 1,000 globally.
• The global restructuring efforts aim to streamline the company’s operations and better position it for growth in the digital services sector.

Official statements

Ricoh has been focused on improving its profit structure since the launch of its Corporate Value Improvement Project in April 2023.

“As a digital services company, Ricoh is aiming to achieve growth and sustainably increase corporate value through this project,” Ricoh stated, underscoring its focus on evolving to meet modern market demands.

Layoffs in Canada

It remains unclear exactly how many Ricoh employees in Canada will lose their job as a result of this layoff.

Your rights

In Canada, non-unionized employees at Ricoh are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This applies to individuals working in any capacity — full-time, part-time, hourly, or potentially even independent contractors — in Ontario, Alberta, and British Columbia.

Severance is the compensation provided to non-unionized workers in Canada by their employer when they are terminated without cause, and can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains why you are still owed severance if you have been downsized on an episode of the Employment Law Show.

Severance offers and deadlines

Before accepting a severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay. An employer’s deadline to sign back a severance offer is not legally enforceable or binding.

LEARN MORE
• Severance pay for provincially regulated employees
• Rights to severance during mass layoffs
• Severance entitlements in a recession