What’s going on at Xerox?

Xerox is acquiring Chinese-owned printer and printing software maker Lexmark International (Lexmark) for $1.5 billion.

“Our acquisition of Lexmark will bring together two industry-leading companies with shared values, complementary strengths, and a deep commitment to advancing the print industry to create one stronger organization,” CEO Steve Bandrowczak said in a news release.

“By combining our capabilities, we will be better positioned to drive long-term profitable growth and serve our clients, furthering our reinvention.”

Formed out of IBM in 1991, Lexmark was sold to a group of Chinese investors in a $3.6-billion deal in 2016.

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The transaction, which is still subject to various conditions and approvals, is expected to close in the second half of 2025.

As Lexmark prepares to join forces with Xerox, here are a few things that non-unionized employees in Canada need to be aware of.

Who pays severance if Xerox doesn’t keep certain Canadian employees?

In Canada, the “seller” of the business is responsible for providing proper compensation to staff who lose their job.

If Xerox provides you with an employment offer, and you have a good reason for why you don’t want to accept it (i.e. different hours or pay), contact an experienced employment lawyer at Samfiru Tumarkin LLP...

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