Lexington's largest private employer faces hundreds of job cuts.
Lexmark announced today it will cut 825 jobs worldwide. It's part of a restructuring plan that will save the company 70 million dollars in 2010 and 110 million dollars annually amid a struggling economy.
The plan primarily targets manufacturing, service delivery, marketing and sales support, corporate overhead and development.
Some of those cuts could be at Lexington headquarters, but a Lexmark spokesperson would not say how many positions will be affected, but representatives say the company will continue to have 3,000 workers at headquarters.
Lexmark did have positive news to report. Revenue grew 6 percent this third quarter, compared to second quarter.