Canon announces CiSRA closure
March 11, 2019
Following the news in February that Canon’s Australian R&D centre, CiSRA, had jettisoned 40 jobs, the OEM has now announced its closure.
One of seven Canon R&D centres around the world, CiSRA had been plagued by rumours of decline since 2017 and, more recently, was forced to make 40 job cuts in February 2019 “in response to a lack of work from the company’s Japanese-headquartered parent.”
Now, Canon Inc. and Canon Australia Pty. Ltd. announced today the closure of consolidated subsidiary Canon Information Systems Research Australia Pty. Ltd.
Since its establishment in 1990 against the backdrop of growing digitalisation needs, Canon explains, CiSRA had been carrying out research and development for digital imaging technology and related applications and solutions for Canon products.
However, in the face of such changes in the business environment as maturing markets and the rapidly accelerating pace of technological innovation, Canon says it determined that CiSRA has fulfilled its original purpose. As a result, all development-related CiSRA operations will be concluded by mid-April, after which Canon will begin procedures for the company’s closure.
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