Fuji Xerox halts govt contract bids
Beleaguered printer company Fuji Xerox has agreed to a "voluntary suspension" from all its current government contracts following ongoing concerns about the company's accounting practices, which have seen several of the company's senior managers fall on their swords.
In a statement released today, the Ministry of Business, Innovation and Employment (MBIE) says the move will give it time to "understrand the full implications of the report from FUJIFILM Holdings into irregular accounting practices at FXNZ).
The move means Fuji Xerox won't be able to bid for new business from government agencies at all, although existing contracts will continue.
"The Ministry is concerned to ensure companies who supply the government are held to the high standards the public would expect and that New Zealand continues to be recognised as a great country [in which] to do business," says the statement.
Fuji Xerox president Hiroshi Kurihara is quoted in Stuff as saying the company is taking the report very seriously and is reforming its corporate structure as a result.
"The commitment of the entire Fuji Xerox Group to the New Zealand Government remains strong and Fuji Xerox New Zealand has the full support of the whole Fuji Xerox."
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