Chinese Lexmark Investment Not Expected to Change Workforce

Apr 20, 2016

Credit afr.com

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. 

Lexington Mayor Jim Gray says the printing technology and enterprise software company will still maintain its headquarters in Lexington.  Company Spokesman Jerry Grasso says the reach into new Asian markets will mean growth opportunities for Lexmark employees.​