Joined Nov 11, 2007
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$LXK to Pink Slip 1700, Company to Stop Making Inkjets

“(AP) LEXINGTON, Ky. – Lexmark (LXK) is cutting 1,700 jobs, or almost 13 percent of its workforce, and says it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets.

The printer and software company said Tuesday that it will close its inkjet supply plant in the Philippines by the end of 2015. It is also putting its inkjet technology up for sale.”

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