MANILA, Philippines - The government promised to assist workers, who will be affected by the closure of Lexmark International Philippines' inkjet plant in Cebu.
Philippine Economic Zone Authority (PEZA) director-general Lilia B. de Lima said the government will help affected Lexmark employees find jobs at other companies in the Mactan Economic Zone.
An estimated 1,100 employees will be affected by Lexmark's decision to close its inkjet cartridge manufacturing facility in Mactan by the end of 2015.
"The restructuring plan will be gradual, some of them will be hired by other companies and there are new companies opening up in Mactan Economic Zone, so they will be hired," de Lima said.
Employees of Lexmark Research and Development Corporation are also affected by the plant closure.
"R&D has a big number of employees, actually it became a landmark in Cebu. Remember, Lexmark transferred its whole research and development from the US to the Philippines,” de Lima said.
Printer maker Lexmark International last month announced it will stop making inkjet printers and focus on its more profitable imaging and software businesses.