Electronics Production |
Lexmark to cut 1000 UK jobs
Printer maker Lexmark is ending production of inkjet cartridges in Rosyth, Scotland. The company will transferring its manufacture to a low-cost country. Up to 1,000 jobs are in danger.
The moves come in response to a weak Q4, with net income for the quarter dropping 47 per cent year on year. According to the Register, in 2002, The Scottish Executive doled out £900,000 in "regional selective assistance" to Lexmark Scotland, supposedly safeguarding 200 jobs.
