Thats not what the terms of the deal reportedly say. According to a WEDC memo reviewed by the Journal, the company agrees to retain 70% percent of its work force this year, 60% next year, and 50% percent in 2016-18. The memo also observes that Ashley doesnt provide a lot of high-grade jobs--56% of the workers make less than $10.88 per hour. Ashley evidently threatened to pull out of Wisconsin entirely if it didnt get the grant. But forking over an incentive that allows a company to cut its work force in half is drifting pretty far from the purposes and goals of a legitimate incentive program. It begins to look more like a handout to an influential recipient. The promptness of the contribution to Walkers campaign doesnt make the deal smell any sweeter. latimes/business/hiltzik/la-fi-mh-the-bizarro-world-20140825-column.html
Posted on: Thu, 04 Sep 2014 11:59:24 +0000
Trending Topics
Recently Viewed Topics
© 2015