Urban County Council http://wfpl.org en Lexmark Layoffs Leave Workers, City Reeling http://wfpl.org/post/lexmark-layoffs-leave-workers-city-reeling <p>News that Lexmark will lay off hundreds of local workers has Lexington city officials assessing how it will impact tax revenues.</p><p>The Lexington-based firm will reduce it's workforce by 350 full-timers and 200 contract employees locally. According to one city official that could result in a $1 million revenue loss.</p><p>Mayor Jim Gray said "our hearts go out to this folks who have been hit with this bad news, losing their jobs."</p><p>But the mayor says Lexmark remains a competitive electronics business.</p> Tue, 28 Aug 2012 21:13:48 +0000 Stu Johnson, Kentucky Public Radio 1482 at http://wfpl.org