Windstream restructuring drops 5 managers in Lexington
Telephone operator Windstream has eliminated five management positions in Lexington as part of a recently completed restructuring.
Looking to reduce expenses, the company announced the move during the second quarter and eliminated about 350 positions overall, about 3 percent of its work force.
"Windstream has grown rapidly through acquisition, and it is crucial that our management structure be as simple and as responsive to customers as possible as we continue to build this company for long-term success," chief executive officer Jeff Gardner said in a past statement announcing the cuts.
The restructuring is expected to save $30 million to $40 million annually.
Clothing distributor bringing in 300 jobs
A company that grew out of an eBay clothing store is opening a national distribution center in Shepherdsville, bringing 300 full-time jobs and an $18 million investment. Gov. Steve Beshear announced the plan by international online fashion distributor Nasty Gal on Tuesday.
Beshear said in a statement that company founder Sophia Amoruso started the eBay store in 2006, selling vintage clothing. The company now offers new and vintage clothing, shoes and accessories to customers in more than 50 countries. The company expects to begin operations at the new Shepherdsville facility late this summer.
The state has approved Nasty Gal for tax incentives up to $3 million.
staff, wire reports