IKON:CUTTING 1,500 JOBS

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IKON:CUTTING 1,500 JOBS

 user 2005-04-19 at 11:13:00 am Views: 78
  • #8962
    ikon to End Some Document Services, Cut
    Jobs

    Ikon Office Solutions Inc., Malvern, Pa., is cutting
    1,500 jobs (5 percent of its work force) to reduce costs and is leaving the
    document services business because of limited profitability, the company said.
    Ikon said it also will cut costs by consolidating sites where it provides legal
    document printing and services from 82 to 65, and will sell its operations in
    Mexico except locations in Mexico City, Monterrey and Guadalajara. The company’s
    business document services unit provided printing and document-management
    services for businesses that outsourced those chores. Such services have become
    a commodity offering limited profits, the company said. Legal document printing
    and coding, graphics and other services remain strategically important, it
    said.