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RBJ 75: Xerox’s lead in jobs shrinks

Once again, Xerox Corp. held on to its No. 1 ranking among the RBJ 75 public companies, but its lead shrank compared with the year before. It now has 6,396 employees in the Rochester area, 179 fewer than a year ago. Companywide, it employs 143,600, down 2,000.

The second-largest public company on the list—Paychex Inc., with 4,123 local employees—is slightly smaller than in 2015, down six staffers. A year ago, it had added 196, more than any other publicly traded firm on the RBJ 75 list. Its total staff over the last year grew to 13,167 from 12,961.

Eastman Kodak Co.’s long employment decline continued over the last year, though the onetime local leader shed fewer jobs than the prior year. Kodak now employs 1,750 here, down 250. As in 2015, that was biggest employment drop among the RBJ 75 public companies. Worldwide, Kodak employs 6,400 versus 7,250 a year earlier, a decline of 850.

Among the homegrown public companies, Xerox remains the sales leader by a wide margin, with $18.2 billion in 2015 revenues. That’s down from $19.5 billion in 2014 revenues, however. Constellation Brands Inc. ranks second, at $5.4 billion, followed by Paychex at $2.7 billion and Kodak at $1.8 billion. Harris Corp. posted the fastest sales growth of all the 27 public companies on the RBJ 75 list, thanks to its merger with Exelis Inc.

Investors clearly like what they see from Constellation. It posted the highest one-year annualized total return to shareholders.

4/29/2016 (c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email [email protected]

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