Feeds

Lexmark ditches 900 jobs

You don't have to be a dotcom to fire people

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Printer giant Lexmark is to cut 900 jobs and move some of its operations abroad.

The staff cuts represent around eight per cent of the total workforce, with most going from its HQ and factory in Kentucky. Some manufacturing, primarily for laser printers, will be moved to Mexico and China. The company expects the shift to save $100 million annually by the end of 2002, which "will be utilized to strengthen the company's competitive position".

Lexmark also recorded its results for the third quarter today, with better than expected $66.1 million profit (down 14 per cent on the previous year). Sales rose 11 per cent to 926.6 million for the period ended September 30.

The company said it would take a pre-tax charge in the fourth quarter of between $35 and $45 million to cover the restructuring costs. ®

Related stories

Lexmark gets all lovey dovey
Lexmark to source lasers from Taiwan
Printer ink will make you high

Choosing a cloud hosting partner with confidence

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.