Lexmark plays “hunt the lowest cost country” game
Mexico too expensive, apparently
UK:October 2007,PRINTER FIRM Lexmark will shut down some of its facilities in Mexico.Over 1,650 people will lost their jobs in Mexico, while, according to the Wall Street Journal , Lexmark will find jobs for people in countries that cost less.It didn’t say which countries it was targeting – last year it enraged Jock McFrock, our bekilted engineer, by closing a printer cartridge factory in Bonnie Scotland.Lexmark only made a Q3 profit of $45.2 million and that resulted in net profit falling by about a half.Where will it all end? It will end in tears, that’s where.