Curious as an outsider what is actually made in Webster now. Any machines at all? Is there still a union there?
15 replies (most recent on top)
@gk I work here too. Your idea of a "better place" is different than most. Debt payments looming.... no cash.
@gb good post but dont ecpect warn xerox hasnt posted one in years and we know hundreds have been zapped. hcl has a few listings but that is it
@OP Yes, there is a lot of false rumors on here and that triggers the response defending how things are actually turning around. But I would argue the fact the stock is not seeing this turn around and anyone looking at investing is warned not to by almost all of the analysts.
I understand there are a lot of people want this to turn around, and though it not be closed in Q1 it is not the great picture that you paint. Even one of your biggest investors is demanding change because they are losing their investment.
Could be. But "closing Q1" leaves a paper trail: a 90-day notice to the state and town (due by Dec 31 for March) and exit charges in the Q3 10-Q next month. Neither exists today. Rumor with a deadline. If the filing shows up, you were right and I'll say so.
For what it's worth, I work here, and the company is in a better place than it was a year ago. A lot of the changes hurt, and I'm not going to pretend otherwise to people who got walked out. But standing still wasn't an option for a print company staring at a debt wall, and the direction is finally one that gives it a future.
Just sayin': "Saggy Crooks" doesn't do much for the credibility of the "we know what's really going on here" crowd.
Closing in Q1.
Webster "gone by Q1"? Show me the WARN notice. NY law requires 90 days of public notice.
NY WARN: shut down any operating unit of 25+ people at a site and you owe 90 days' notice, filed publicly with the state and the Town of Webster.
NYSDOL has 208 filings this year, including some for one or two employees. Xerox filings in 2026: zero.
A March 31 shutdown needs notice by Dec 31; a January one needed it by Nov 2. When Xerox actually closed something in Webster in 2017, it filed and gave 90 days. So "closing in Q1" currently carries the same weight as "done by June" and "a couple of weeks from bankruptcy," both posted on this board earlier this year. . . Xerox is still here.
"Won't be on the books past 12/31" isn't a closure either. Selling empty buildings to a plastics company, leasing brownfield acreage for solar, and petitioning to move a parcel into the Village is called monetizing dirt. Toner, photoreceptors and spares, the part that actually makes money, don't move for that.
In actual news: Q2 net income positive vs a $106M loss a year ago, guidance raised, Lexmark synergy target up to $350M, $223M of debt retired in one quarter, production installs up 31% in Q1, three new presses at PRINTING United, 500+ partners in Nashville. Not fixed. But the "it's all a ponzi" theory needs the company to stop improving, and it keeps not cooperating.
Watch the WARN dashboard and the Town Board agenda instead of the parking lot. If a notice shows up, I'll eat this post.
I confirm we are hearing Webster won't be on the books past 12/31
Saggy Crooks will cook the books Saggy Crooks.
That's the PR team chiming in yes previous poster correct we can't park our cars in the vast empty lots elsewhere has to be over by the highway. Smoke and mirrors to the end strong sell.... I can't wait for unemployment this place is like working in a soup kitchen.
@an isn’t there a solar farm going up on some of the property? That was in the works at some point
Closing in Q1
I feel bad for anyone still living in Rochester. Its such a depressing town now.
I saw there is some development supposedly happening with the town of Webster to some of the property. Not sure of the agreement details.
But yes, it sure seems like it is closing up slowly.
Also in Q1 of next year one of the big loans has to start being paid back. That will cause things to happen I assume.
I confirm we are hearing Webster won't be on the books past 12/31...
I'm in Webster they make nothing now. No union that was gone and the contract bought out years ago. The campus is 15 percent utilized at present with a whole side of the street dormant since the icahn takeover 2018 aka 129 139 147 think like 400 acres of buildings rotting. No all active programs have been cancelled aka digital packaging - they actually make folks park their cars next to building 111 so when you drive past it on the 104 highway it makes it look like their are people there. The only thing left here is memories...
Supposedly they do some small machines, like the C235 and that family and spare parts still. There is still a union, but small number.
The C235 and family is actually a Lexmark machine I believe.
Not sure if anything else is done there except for toner of course.