Fujifilm and Xerox are set to lay off 10,000 workers from their joint venture in Asia.
The job cuts at Fuji Xerox are part of a wider restructuring that the company is undertaking in the face of increased competition, Fujifilm said in a statement on Wednesday.
"The market environment ... has grown increasingly severe," the Japanese company said.
Fuji Xerox sells printers, copiers, production systems and software across the Asia-Pacific region.
Fujifilm said the joint venture -- of which it owns 75% -- will eliminate the jobs in Japan and other markets starting this year. It expects to reduce annual costs by 50 billion yen ($460 million) in the process.
Xerox owns the other 25% of the business.
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