24 April 2009

Eastman: Good News and Bad News

Many in the Mountain Empire consider Eastman Chemical Company to be a bellwether for our region. As Eastman goes, so goes Northeast Tennessee and Southwest Virginia. I say Southwest Virginia because many from Scott County and the surrounding areas are employed by Eastman.  At last count, about 6,800 people from across the region are employed by Eastman. I am one of the folks who view Eastman as a bellwether.  When that many local people are employed and productive, it is ALWAYS a good thing.

Q1 earnings have dropped, but the company still posted a profit.

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