Lexmark to cut 1,700 jobs, stop making inkjets - CBS News
LEXINGTON, Ky. — Lexmark is cutting 1,700 jobs and says it will stop making inkjet printers as part of a drive to cut costs.
The
printer and software company said Tuesday that it will close its inkjet
supply plant in the Philippines by the end of 2015. It is also putting
its inkjet technology up for sale.
Lexmark had about 13,300 employees as of Dec. 31.
The
job cuts include about 1,100 manufacturing jobs. Lexmark says the moves
will save it $85 million in 2013 and $95 million a year by 2015. It
expects to book costs of $160 million over three years for the
restructuring.
Lexmark International Inc., based in Lexington,
Ky., says it will continue to provide support and supplies for its
inkjet printers still in use.
Obama- Things Could Be Much Worse
Romney- Things Could Be Much Better
No comments:
Post a Comment