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IBM Is Consolidating Typewriter Operations

May 17, 1990|Reuters

WHITE PLAINS, N.Y. — International Business Machines Corp. is consolidating its typewriter business by transferring sales and marketing operations to Lexington, Ky., where the typewriters are manufactured. No layoffs are involved.

The company makes three typewriters, IBM Personal Typing Systems, IBM Wheelwriters and IBM Personal Wheelwriters. It previously announced a restructuring of its entire operations that will involve a staff reduction of about 10,000 employees by year end. IBM, as are other major computer makers, is struggling to boost earnings amid a computer industry slowdown and heated competition.

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