Canon Job Cuts Hit Trumbull’s Océ Operations

Océ North America, the Trumbull-based provider of printers and copiers, will lose 135 jobs in Connecticut as a result of consolidations taking place three years after its being acquired by a Japanese company. James Magrone, an Océ spokesman, said the cuts are part of an overall integration plan that has been developed over three years since Canon Inc. bought the copier and office equipment company.

Canon on Oct. 26 reported quarterly earnings that fell 35 percent from a year ago, with revenue from its office division, which includes Océ, down more than 13 percent to $5.2 billion.

Related Content