Lexmark Cutting 200 Jobs In Lexington

LOUISVILLE, Ky. (AP) - Printer maker Lexmark says a restructuring plan will affect more than 16 hundred jobs, about 12 percent of its workforce.
The Lexington-based company also says it will close an inkjet
cartridge manufacturing plant in Mexico.
The restructuring includes cutting about 200 jobs from its workforce of more than three thousand in Lexington.
The company says most of the 1650 jobs affected by the restructuring will move to other countries by the end of next year.
The company reported sharply lower third-quarter profits today.
Shares were down more than ten percent (to $39.22) in trading in
the Monday morning.

(Copyright 2007 by The Associated Press. All Rights Reserved.)


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by ralph Location: pikeville on Oct 23, 2007 at 03:26 PM
    MAY BE TIME TO START BOYCOTTING WHAT THESE COMPANIES HAVE MADE IN OTHER COUNTRIES AND BROUGHT BACK TO THE U.S.
  • by N J Location: Winchester on Oct 23, 2007 at 02:16 PM
    I used to be a contractor (read: permanent temp, no benefits) at Lexmark. We were treated dreadfully - for example, when they gave flu shots to employees, contractors were not included. I hate to see good people forced out, but the Big Boys aren't going to lose pay instead!
  • by mom Location: KY on Oct 23, 2007 at 12:32 PM
    I am all for them closing down in MEXICO, but why are they sending the other jobs to other countries?
  • by Phil Location: Midway on Oct 23, 2007 at 10:20 AM
    As a former employee of Lexmark, I am surprised that they still have any manufacturing or distribution in the US and not moved all the jobs abroad. The way they have treated former employee's is atrocious. I can not see how it is legal. Of course it is big Business to take away former employees benefits so the stock holders can make more money.
  • by Phil Location: Midway on Oct 23, 2007 at 10:13 AM
    I do not think the a preacher or anyone should be charged with a crime if there is an accident and no one is inebriated or on drugs. That is why it is called an accident DUH.

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