Feeds

Lexmark delivers jobs blow for Scotland

1,000 jobs at risk

Secure remote control for conventional and virtual desktops

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
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.