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The combination will generate immediate returns in the form of cost saving, Fujifilm said.

Staff cuts As a first step, Fujifilm will lay off 10,000 employees worldwide, including in mainland China, at the co-owned subsidiary.

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Your showcase talents help save the day, even couple.Under the deal, Xerox will fully acquire their co-owned subsidiary Fuji Xerox, Fujifilm will own 50.1% of Xerox, and the U. company will subsequently change its name to Fuji Xerox.Shigetaka Komori, chairman and CEO of Fujifilm, will double as Xerox's chairman, while Jeff Jacobson is to remain as CEO at Xerox. company will maintain its listing on the New York Stock Exchange.The staff cuts, along with other restructuring measures, will allow Fuji Xerox to save about 50 billion yen (5 billion) a year, while the synergy from the combination is estimated to boost revenue by

Your showcase talents help save the day, even couple.

Under the deal, Xerox will fully acquire their co-owned subsidiary Fuji Xerox, Fujifilm will own 50.1% of Xerox, and the U. company will subsequently change its name to Fuji Xerox.

Shigetaka Komori, chairman and CEO of Fujifilm, will double as Xerox's chairman, while Jeff Jacobson is to remain as CEO at Xerox. company will maintain its listing on the New York Stock Exchange.

The staff cuts, along with other restructuring measures, will allow Fuji Xerox to save about 50 billion yen ($455 billion) a year, while the synergy from the combination is estimated to boost revenue by $1.2 billion a year.

The deal comes as Fuji Xerox came under scrutiny last year after a panel of outside experts discovered improper accounting practices at two of its subsidiaries in New Zealand and Australia, dating back to 2010.

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Your showcase talents help save the day, even couple.Under the deal, Xerox will fully acquire their co-owned subsidiary Fuji Xerox, Fujifilm will own 50.1% of Xerox, and the U. company will subsequently change its name to Fuji Xerox.Shigetaka Komori, chairman and CEO of Fujifilm, will double as Xerox's chairman, while Jeff Jacobson is to remain as CEO at Xerox. company will maintain its listing on the New York Stock Exchange.The staff cuts, along with other restructuring measures, will allow Fuji Xerox to save about 50 billion yen ($455 billion) a year, while the synergy from the combination is estimated to boost revenue by $1.2 billion a year.The deal comes as Fuji Xerox came under scrutiny last year after a panel of outside experts discovered improper accounting practices at two of its subsidiaries in New Zealand and Australia, dating back to 2010.

.2 billion a year.The deal comes as Fuji Xerox came under scrutiny last year after a panel of outside experts discovered improper accounting practices at two of its subsidiaries in New Zealand and Australia, dating back to 2010.

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