YUM laying off hundreds at L'ville headquarters (Louisville: appliances, credit)

[censusdata]

Yum to cut, transfer several hundred Louisville jobs | courier-journal | The Courier-Journal

The Bush Economy claims another victim

[missymomof3]

How awful! Prayers for those effected.

[dixiegirl7]

I am sorry to hear that. Seems like there is no good news anywhere lately.

[censusdata]

Today's Communist Journal says there will be 200 lay offs/ transfers to TX/CA with 1,100 workers remaining in Louisville

[spence425]

not good news for sure, but try not to let this turn into a political debate.

at least some will keep their jobs via transfer. this is the world we live in, it's unfortunate, but it won't be the last time, regardless of what party is in the whitehouse.

[rnc76]

I have a very close friend who works at Yum, I'll have to give him a call. You would think fast food would do OK in a downturn because people will be looking for cheaper alternatives when eating out. Who knows...

[jsherman9901]

Ummmm.... according to the article, a company spokesman said that the current national economic problems were not the driving force in the restructuring/layoffs.

[easydoesit]

I wouldn't trust any company in this economy. Everyone is a $ cost to them. Cuts will continue........

[EclecticEars]

With this and the volatility at Ford and GE, I'd say Louisville is in for some very hard times in the years to come. It's local economy has diversified over the years, sure, but there are still some very large anchor companies that will make or (mostly) break the local economy.

In fact, I'd dare say that Louisville might begin to see an unemployment rate as high as 10%--Michigan-like--in the years to come if layoffs continue and plant closures ensue.

[emanresu]

Only you would quote Louisville's diversified economy and say it's a bad thing. It's not. Every medium sized city has anchor companies. The fact is, a diversified economy is never a bad thing.

Look at Charlotte. They boomed with the banking industry. Now, with its bust, they are projecting a $40 million revenue shortfall.

Also, the fact of the matter is that Ford is the healthiest of the Big 3, and maybe the only one that wouldn't be pushed into bankruptcy in the absence of a bailout. They are about to retool the Explorer plant to make fuel efficient small cars. Once the credit crunch eases, and financing loosens up, people will go back to buying cars, and Louisville will make the one's that are in demand. GE has already isolated appliances, and are still looking to sell it. There is no indication what is going to happen there, but I would say it's difficult to sell an $8 billion company when lending is this tight.

We know that everything Louisville has is wrong to you. Why don't you move on. Your like the guy that won't leave his ex-girlfriend alone.