Lexmark International Inc., the beleaguered Lexington-based maker of printers and management software, has told city officials it is laying off more than 140 people at its Lexington headquarters.
The company filed notice with the city under the Worker Adjustment and Retraining Notification Act.
Lexmark spokesman Jerry Grasso declined to comment on the layoffs, saying the company does not talk publicly about personnel matters.
“We reached out this morning to Lexmark leadership offering to work with those employees affected by today’s announced layoffs,”
Kevin Atkins, chief development officer for Mayor Jim Gray
said in a statement.
The Lexmark notice said it plans to layoff 143 employees between May 25 and June 8, though employees contacted Wednesday said the cuts had already begun. The WARN Act is a federal statute that requires mostly larger employers to notify state and local governments in advance of plant closings or mass layoffs.
Lexmark announced in February it planned to cut 550 jobs worldwide during the year as part of a restructuring plan.
The restructuring is aimed at saving the company $67 million in 2016 and $100 million annually in pretax savings starting in 2017.
Lexmark has faced stiff headwinds in a competitive market. In October 2015 Lexmark said it is working with Goldman, Sachs & Co., Ernst & Young LLP and the law firm Wachtell, Lipton, Rosen & Katz to explore options, including a possible sale.