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As part of the company’s ongoing optimization of its expense structure, Lexmark also announced today that it will reduce its workforce by approximately 275 employees through the first half of 2006 with a majority of the affected employees exiting in the third quarter of 2005. A majority of the reductions are expected to occur at the Lexington site. However, the number of people employed at the site will remain about the same on a year-over-year basis as a result of R&D hiring this year.