pchall
11-13-09, 12:06 PM
Speedway cuts 40 employees in latest cost-saving move
Scott Olson
November 12, 2009
A source at Indianapolis Motor Speedway said IMS laid off 40 employees Wednesday, mostly from its human resources department, in a cost-saving move.
IMS spokesman Paul Kelly would neither confirm nor deny the layoffs. He referred IBJ to a statement IMS issued Wednesday regarding the release of Ron Green. Green, who served 11 years as director of public relations for IMS and the Indy Racing League, was let go on Tuesday.
“All of our business units have been impacted by the tough global economy,” Fred Nation, IMS executive vice president of communications, said in the statement. “We will continue to address these challenges by improving the operational performance of our companies.”
IMS had about 300 employees prior to the layoffs.
“We anticipate consumer demand will continue to have an impact on our revenues well into 2010," Nation said, "but we have developed plans to meet the challenging business environment that give us great optimism for the future.”
Hey, Fred? There is no consumer demand. Don't you get that yet?
Scott Olson
November 12, 2009
A source at Indianapolis Motor Speedway said IMS laid off 40 employees Wednesday, mostly from its human resources department, in a cost-saving move.
IMS spokesman Paul Kelly would neither confirm nor deny the layoffs. He referred IBJ to a statement IMS issued Wednesday regarding the release of Ron Green. Green, who served 11 years as director of public relations for IMS and the Indy Racing League, was let go on Tuesday.
“All of our business units have been impacted by the tough global economy,” Fred Nation, IMS executive vice president of communications, said in the statement. “We will continue to address these challenges by improving the operational performance of our companies.”
IMS had about 300 employees prior to the layoffs.
“We anticipate consumer demand will continue to have an impact on our revenues well into 2010," Nation said, "but we have developed plans to meet the challenging business environment that give us great optimism for the future.”
Hey, Fred? There is no consumer demand. Don't you get that yet?