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Lexmark to exit inkjet printer market

Barence (1228440) writes | about 2 years ago

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Barence (1228440) writes "Lexmark has announced it will stop making inkjet printers and cut 1,700 jobs as part of a cost-cutting restructuring move. Lexmark will stop all inkjet development worldwide by 2013, and close its Philippines-based inkjet supplies manufacturing plant by 2015. This will provide annual savings of $85 million, rising to $95 million by 2015. The total restructuring cost before tax is expected to be $160 million. The company is also looking into the possible sale of its inkjet-related technology."
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