In 2011, the company was involved in a major financial scandal, wiping 75–80% off the company's stock market valuation, and the arrest of 11 Japanese directors, senior managers, auditors and bankers for alleged criminal activities or cover-up. Olympus announced it would shed 2,700 jobs (7% of its workforce) and around 40 percent of its 30 manufacturing plants by 2015 to reduce its cost base.
Olympus currently manufactures compact digital cameras and is the designer of the Four-Thirds System standard. Olympus is also the largest manufacturer of Four-Thirds lenses, under the Zuiko brand. In 2012, the company announced that Sony and Fujifilm had offered forming a capital alliance and the company would focus on Mirrorless interchangeable-lens cameras.
Interview with Yoshihisa Maitani, Chief Designer of the OM system, and one of the first super stars of Camera Design
Yoshihisa Maitani Biography
Yoshihisa Maitani - Chief Designer |