LEXMARK TO CUT 275 JOBS

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LEXMARK TO CUT 275 JOBS

 user 2005-09-07 at 11:15:00 am Views: 66
  • #12473

    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.