The Ricoh Family Group Companies intends to integrate Lanier's European operations.
Today, the Ricoh Family Group (RFG) in Europe has announced its intention to integrate the European Lanier operations into the Ricoh and NRG group companies from April 2005 onwards. The intended integration applies to the L anier operating companies in Austria, Belgium, Italy, Germany, the Netherlands, Spain, the United Kingdom, the Lanier European Headquartes and its independent distributor operations. Lanier Switzerland will continue to operate as a subsidiary of Ricoh Europe.
The RFG in Europe is the lead er the office copiers market and has now achieved the number 1 market share for 8 consecutive years. Whilst achieving this leading position the RFG is, and has to be ready and able to respond to the competitive landscape.
The proposed plan will see the Lanier operating companies in Italy and Spain integrated into the respective Ricoh companies. The Lanier operating companies in Austria, Belgium, Germany, the Netherlands and the United Kingdom are to be integrated into the NRG companies in the respective countries. Prior to and during the entire integration process works-councils, unions and employee representatives will be consulted in accordance with the local and legal requirements. The integration process is expected to be completed during Ricoh's next financial year ending on the 31 March, 2006.
The overall objective is to re-enforce the RFG companies competitive position and to create an organization that will be able to provide the best possible service to our customers in the years to come.
* The Ricoh Family Group (RFG) in Europe is including the Ricoh Group and NRG Group that operate in Europe, Middle East and Africa.
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