Feeds

Lexmark delivers jobs blow for Scotland

1,000 jobs at risk

Beginner's guide to SSL certificates

Lexmark, the printer maker, is ending production of inkjet cartridges in Rosyth, Scotland and is transferring manufacture to a cheaper, unnamed country. Up to 1,000 jobs could be affected.

Lexmark's Scottish play is part of a sweeping re-org announced today which sees 825 job losses and 525 jobs relocated, and its US pension plan frozen. The restructure will cost $130m pre-tax and yield annual savings of $80m, the firm estimates.

The moves come in response to a weak Q4, with net income for the quarter dropping 47 per cent year on year to $82.3m on sales down 11 per cent to $1.37bn.

In 2002, The Scottish Executive doled out £900,000 in "regional selective assistance" to Lexmark Scotland, supposedly safeguarding 200 jobs.

The jobs blow is the latest in a string of factory closures and redundancies to hit Scotland's Silicon Glen in January. Earlier this month, Sanmina-SCI, owner of a computer plant in Greenock which it had bought from IBM, announced the closure of the factory with the loss of 300 jobs. Also this month, Inventec announced its intention to end server production in the country, with 370 jobs axed. ®

Related link

Lexmark statement

Intelligent flash storage arrays

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.