Feeds

Lexmark delivers jobs blow for Scotland

1,000 jobs at risk

Providing a secure and efficient Helpdesk

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
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
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.