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Electronics Production | January 26, 2006

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 ÂŁ900,000 in "regional selective assistance" to Lexmark Scotland, supposedly safeguarding 200 jobs.
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