Chinese Lexmark Investment Not Expected to Change Workforce

Apr 20, 2016

The planned purchase of Lexmark by Chinese investors is not expected to impact the local workforce. The $3.6 billion purchase is expected to be final by the end of 2016.

Lexmark officials say the anticipated acquisition by Apex Technology, PAG Asia Capitol, and Legend Capital Management will result in few, if any, new job losses at the Newtown Pike facility.  The layoffs of 143 workers earlier this spring are being called a “restructuring” separate from this week’s announcement. 

Tom Martin speaks with Marty Canning, Executive Vice President of Lexmark International Incorporated and President of “Imaging Solutions and Services.” 

He has held that position since 20-10.  Prior to that, Mr. Canning headed Lexmark’s former Printing Solutions and Services Division.  Much has changed since those days, including the expertise and skills the company now requires of its employees.