Ikon is reducing the number of LDS locations in the US and Europe.
"The company expects related pre-tax charges of about $7 million, a significant portion of which is expected to be taken in the fourth quarter."...
"The total pre-tax charges associated with these actions include severance expenses, asset impairments, and contract costs estimated to be approximately $7 million, a significant portion of which is expected to be reported in Q408. The estimated after-tax cash expenditures total approximately $4 million and consist primarily of severance payments and lease termination costs. IKON expects to complete the actions described above in Q408."
So, business as usual means this reduction was being planned for a while - and LDS had always been of to the "side" and been going through reductions for a while.
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