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Camera Maker Lays Off 36 Workers

January 18, 2002

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ENGLEWOOD, Colo. (AP) _ Camera maker Pentax Corp. laid off 36 workers Thursday, citing a sluggish economy and declining film camera sales.

The layoffs were effective immediately and affected managers, administrators and warehouse workers, said company spokeswoman Lorri Avery. All were offered severance packages. The company has about 180 employees.

Avery said bankruptcies of several key accounts were also to blame.

Pentax manufactures film-based cameras, lenses, digital cameras and closed-circuit TV lenses. Pentax opened its U.S. distribution office in 1977 in Englewood.

Its parent company is Japan-based Asashi Optical.

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On the Net:

http://www.pentax.com

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