The union had requested the extension because Pratt had placed even deeper concession demands on the table.
The company has said it would close both repair facilities by early 2011 without major cost savings.
The tax incentive deal would amount to about $20 million a year for five years. Legislative leaders have already said they are ready to approve the plan in special session.
Why does our state and our union have to bend over backwards for this company? They are literally bleeding stones at this point.
They already have serious tax breaks from every other time (over the past 30 years) that they've whined and threatened to leave. Now, we can't pass a sustainable state budget, but we're going to give them another $20 mil a year in concessions...never mind what the union is conceding! But, they still won't guarantee any jobs!
Two questions:
1) What's wrong with this picture?
2) How much would the company save if the corporate execs reduced their salaries to a "livable wage?"
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