Lexmark was reported of having a low earnings on the forth-quarter. With this, they came up with a restructuring plan that includes slashing of 625 jobs globally. Of these 625 jobs, the Chief Executive of Lexmark who is Paul Rooke said to an interview that the most affected would be in the manufacturing of Lexmark. But he didn't mention if how many will be cut from the Headquarters of Lexmark located in Lexington, Kentucky, USA.
Starting 2013, the company will be expecting $28 million from an ongoing cash saving. And this restructure plan will allow them to save for up to $15 million.
According to the company's last annual report, they's got 13, 200 employees globally and 3, 900 of those are from the United States. This report was taken at the end of the year 2010.
Starting 2013, the company will be expecting $28 million from an ongoing cash saving. And this restructure plan will allow them to save for up to $15 million.According to the company's last annual report, they's got 13, 200 employees globally and 3, 900 of those are from the United States. This report was taken at the end of the year 2010.
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