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Xaar looks set to make an unspecified number of job cuts
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Written by Staff Writer
Xaar looks set to make an unspecified number of job cuts after announcing “cost actions” following lower than expected sales in its legacy ceramics business falling in the first five months of the year. In a trading update released on 27th June, the Cambridge-headquartered inkjet developer said: “We had previously indicated that the increasing proportion of total revenue represented by new products would mean a stronger second half weighting in full-year sales; we now expect that weighting to be even more pronounced. We now consider it likely that our full-year expectation of revenues in the ceramics market will not be achieved.”