Lexmark to Lose 1,650 jobs worldwide October 24, 2007 08:54 by John Sollars

Lexmark announced this week that it was rationalizing it's printer and inkjet manufacturing division with 1,650 job losses worldwide which equates to 11% of its workforce. The plan is focused on the struggling inkjet division which reported losses of $16M for Q3, a reduction in operating revenue of 13% and saw its number of printers sold drop by 14%. These numbers will probably continue to fall over the next year because of an announced plan to withdraw from 30% of the companies inkjet sales over the next year. This on top of the 20% withdrawal announced in January 2006 that was coupled with a restructuring which saw the closure of the companies Scottish Factory in Rosyth. It aims to dramatically reshape the division by the end of 2008.

One of the companies two ink cartridge manufacturing plants in Jutrez, Mexico will close.

Lexmark's moves are an attempt to stop selling printers to people who don't print enough!. To find those target users, Lexmark will tailor its marketing and sales to countries where customers print the most. Besides the United States, the company wouldn't name those nations!. Good Luck there then – and remember it's your duty to print more to keep Lexmark in business