News Release

 

Announcement regarding Call for Voluntary Early Retirement

Please be informed that at the Group Management Committee (a decision-making body of Executive Officers) held on June 29, 2011, Ricoh Co. Ltd. decided to put out a call to personnel for voluntary early retirement as follows.

 

1.   Reasons for The Proposal

Against a background of increasingly severe global competition, the Ricoh Group needs to take firm steps to improve profitability, including cutting fixed costs. Under the current midterm business plan, one of the principal initiatives is HR optimization, whereby those who would seek opportunities outside the group would be supported with an early retirement package as well as outplacement assistance when looking for a new career elsewhere.

 

2. Outline of Call for Voluntary Early Retirement

Number of personnel that may elect voluntary early retirement:

Approx. 1,600 among Ricoh Co. Ltd. and Ricoh group companies in Japan

Application period:

July 1, 2011 to October 31, 2011

Date of retirement:

August 1,2011 to November 30, 2011

 

 

3. Future Outlook

Expenses, such as special retirement payments, that arise from this voluntary early retirement program are projected to total approximately 23 billion yen among Ricoh Co. Ltd. and Ricoh group companies in Japan.

In addition to this program, Ricoh Group, on a global basis (including in Japan), will continue to implement measures to optimize its human resources such as by decreasing the number of personnel (through natural attrition on a global basis, including in Japan, whereby new personnel will not be hired to replenish retiring personnel and prior hiring decisions will be reexamined), undertaking internally businesses that were out-sourced to external parties and relocating personnel, such that the personnel headcount would be reduced in the aggregate by approximately 10,000 persons on a group-wide basis.

Related Subject   Corporate

 

| About Ricoh |
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2013, Ricoh Group had worldwide sales of 1,924 billion yen (approx. 20 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
For further information, please visit www.ricoh.com/about/

Information in the news releases is true and accurate at the time of publication.
Manufacture, sales, price and specifications of products may be subject to change.

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