Omron Announces Restructuring Plan to Address Over-Reliance on Struggling China Automation Market
- Omron is cutting jobs due to struggling factory automation business in China
- Omron more exposed to China economic slowdown compared to competitors
- Omron president said "We've become increasingly dependent on China"
- Presented restructuring plan to address China dependence
- Cuts stem from Omron being uniquely vulnerable to China automation slump