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Xerox Corporation has completed its work in Russia

October, 11 2023
watermark Economic news

The American corporation Xerox has completed its work in Russia by selling the business to local management. Now «Xerox (CIS)» LLC will operate as an independent company and will soon receive a new name.


As stated in the official statement, this step will not affect the employment of employees and they will keep their jobs. «Xerox (CIS)» LLC will continue to provide services for customer service, management of printed resources, automation of business processes, as well as the supply of paper products.


The President of LLC, Anton Borodikhin, stressed that the company is adapting to new conditions, maintaining current contracts and developing new projects in Russia.


Recall that in March 2022, Xerox announced the termination of supplies of its products to Russia due to the military operation in Ukraine. Xerox's Chief financial Officer, Xavier Heissa, stressed that the company has «daughters» both in Russia and in Ukraine, but these representative offices do not bring significant income.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.