Chase Bank Moving At Least 400 Jobs Out Of Lexington

A major announcement Thursday involving one of Lexington's largest banks and hundreds of jobs.
27 NEWSFIRST has learned Chase Bank is moving at least 400 jobs out of Lexington.
The bank's loan serving center, now a major part of the downtown Chase building, is being transferred to Louisiana.
The downtown building currently employees about 800 people. This decision cuts that workforce in half.
Employees were told about the cutbacks late Thursday afternoon. 27 NEWSFIRST has learned the employees are being encouraged to transfer to other Chase facilities in other U.S. cities.
The closing is slated for the summer of 2008, although an exact date is not known, and wanted to let employees know as soon as possible . All employees will receive severance pay based on longevity with the company, and will receive assist in finding employment both within and outside of Chase.

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  • by Steve Location: KY. on Oct 29, 2007 at 07:09 AM
    Dan. You're a (edited) fool if you think Chase isn't making money. WAKE UP!!!!
  • by Dave Location: Garden Springs on Oct 27, 2007 at 06:03 PM
    Can anyone tell me who the Govenor was when Kentucky Central folded. Was it that fella that said "they don't call em Indiana Sluggers"
  • by D.P Location: HARLAN on Oct 26, 2007 at 03:27 PM
    Sounds to me like this is just one more good reason to think twice about your vote in the upcoming election. We are tired of being fooled in thinking that our economy in KY is good, but we keep losing so many jobs. How can we recruit new businesses to the commonwealth when we can't keep the ones we already have? Wait until next week when peabody announces the plant will be built outside of KY. Talk about a dagger to the Fletcher campaign.
  • by joe joe Location: lexington on Oct 26, 2007 at 10:50 AM
    i heards if you had worked there for 5 years or more you were fine but for all the people that were hired just 2 yrs ago when the big job fair happened are screwed 2wks per year of service for sevarance and people 5 years or more get 5000.00 for pencion
  • by Steve Location: Lexington on Oct 26, 2007 at 09:27 AM
    Hey Jim, don't fool yourself. Credit Unions aren't NON PROFIT organizations!
  • by Dan Location: Nicholasville on Oct 26, 2007 at 08:44 AM
    This is a message directed toward JIM. I am not an employee of Chase or a stockholder. But if you understand ANYTHING about business (large or small), you would understand that the reason they are in business in the first place is to turn a profit. They are not in the welfare business. If they have a division that is not profitable, it is closed. See how long your employer keeps you around if it begins to lose money ~ unless you are a government worker.
  • by Chris Location: downtown on Oct 26, 2007 at 06:48 AM
    A friend of mine works for Chase here in town and told me the housing market was way off in centrel KY and they are moving all of these jobs to Columbus Ohio. I have felt for years that this was coming, Centrel KY and Lexington in particular does not really manufacture much of anything. Sevice industry jobs are all that people are working, retail,restuarants, movies and home building. That is why the home market has crashed here in town, you can't make these exhorbant monthly payments making 8-12 dollars an hour. It will get a whole lot worse before it gets any better arouund here. Oh well......VIVA MEXICO!!
  • by Susan Location: Lexington on Oct 26, 2007 at 05:23 AM
    Hmm. Moving jobs to Louisiana, Lexmark losing jobs. But our economy is in great shape??? Who does our govt think they are fooling.
  • by c Location: fkt on Oct 26, 2007 at 05:08 AM
    Another Kentucky companies putting people out of work! Last week it was a plant in Scottville (200 employees)! If the economy is so good, then why is these companies cutting back? The Scottville plant is moving its operation to Mexico! The government needs to tax them so high to bring those products back into the US that this kind of nonsense stops! Put a import tax on products that come from other countries so high that American companies can compete with other world markets! That way, we can save some American jobs! I feel sorry for all those losing their jobs right before the holiday season. It has to be stressful for them!
  • by Steve Location: KY. on Oct 26, 2007 at 03:11 AM
    Everyone in Lexington should boycott Chase bank. They're probably moving to Louisiana to be closer to Mexico.
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