Lexmark Job Cuts Include 550 In Lexington, 1700 Worldwide

Lexmark
Lexmark
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 8/28/2012 1:02 pm
Lexmark announced Tuesday it's cutting 1,700 hundred jobs worldwide.

The cuts will affect about 550 employees in Lexington.

Vice President of Corporate Communications Jerry Grasso says Lexmark will also close its inkjet supply plant in the Philippines by the end of 2015.

And the company plans to stop making inkjet printers as a way to cut costs.

The cuts in Lexington will include 350 full-time workers and 200 contractors.

Most of those positions will be terminated by the end of 2012.

The company headquarters will remain in Lexington, with about 2,300 employees.

Lexington Mayor Jim Gray reacted to the news and said, "This is a tough reminder in tough times: in today's competitive economy, no market is forever. Even the strong struggle, and there's nothing I can say that will make this announcement hurt any less."
Share
Most Popular
Will This 'Special Delivery' Become Viral Sensation?
One Georgetown family found packages scattered across their driveway. They don't need to wonder what happened; they caught it all on camera. Video Video
Update: Man Found Dead Outside Nicholasville Business Identified
The Jessamine County Coroner said Thamer Hassan, 41, of Lexington, had been dead about six hours before being discovered outside a business off of Main Street in Nicholasville on Tuesday morning. Investigators are waiting on autopsy results to help determine a cause and manner of death.
Fatal Collision In Rowan County
According to the Kentucky State Police on Tuesday at 10:06 a.m. they were notified of a single vehicle injury accident on Open Fork Road in Rowan County.
Judge says Detroit newspaper has right to publish mug shots
A federal judge has upheld a previous ruling that said the Detroit Free Press has a constitutional right to publish the mug shots of defendants in a criminal case, agreeing that defendants have no privacy interest that warrants a publication ban.
2 Injured Then Arrested After Crash
Two people were taken to the hospital for their injuries and then arrested after an early Wednesday morning crash in Lexington. Video Video
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.