Tonernews.com, September 7, 2005. USA
Lexmark to cut 275 jobs
Lexmark has announced plans to cut 275 jobs at the same time as posting its Q2 results.
Redundancies, which are expected to accrue a pre-tax charge of $26
million, will be made through the first half of 2006 as part of an
optimisation of the company’s expense structure.
Q2 revenue increased by 3 per cent to $1.283 billion compared to $1.248
billion last year. Net income fell to $79.9 million, or EPS of $0.64,
from $136.6 million, or EPS of $1.02, a year earlier.