What did they mention at Convergence about this...
Ricoh to cut 10,000 jobs out of 109,000 global workforce
Ricoh aims to triple op profit to 210 bln yen in 2013/14
Latest restructuring by Japanese firm after March 11 quake (Recasts with company confirmation)
TOKYO, May 26 (Reuters) - Japanese copier and printer maker Ricoh Co said it would cut nearly 10 percent of its workforce as it looks to boost its sagging profits and fend off competition from the likes of Xerox and Canon Inc .
Ricoh said in a statement on Thursday it plans to reduce about 10,000 staff from a global workforce of 109,000, a move it expects will give a 140 billion yen ($1.7 billion) boost to its operating profit over the next three years.
Shares of Ricoh jumped 7.2 percent on the restructuring news, which was first reported by the Nikkei newspaper.
"We have become a big company and need to re-engineer our corporate structure throughout to become more muscular," Ricoh President and CEO Shiro Kondo told a news conference.
"We have done very little pruning of unprofitable businesses, and we need to pull out of some."
(Reporting by Mayumi Negishi and James Topham in Tokyo and Maneesha Tiwari in Bangalore; Editing by Joyjeet Das and Nathan Layne)