In a perhaps unsurprising move, Lexmark kills its inkjet printer business as part of "restructuring action," closing off a Philippines inkjet supply manufacturing facility and eliminating all global injket development efforts.
The cost cutting measure (one Lexmark hopes will bring annual savings of up to $95 million) also eliminates 1700 jobs worldwide. The company already cut 625 jobs earlier.
The Lexmark inkjet printer business was not a very healthy one-- H2 2012 inkjet revenues for the company are down by -66% Y-o-Y.
The company will instead Read more...