Romney’s ‘Business Experience’: Firing Workers, Hiring Them Back at Lower Wages

[Omaha Steve]

http://blog.aflcio.org/2007/05/31/romneys-business-experience-firing-workers-hiring-them-back-at-lower-wages/

Romney’s ‘Business Experience’: Firing Workers, Hiring Them Back at Lower Wages

by Mike Hall, May 31, 2007

Republican candidate Mitt Romney says he doesn’t need the $400,000-a-year presidential paycheck. If he wins, he says he’ll donate the money to charity. After all, with an estimated $250 million nest egg from his corporate career—which included buying and selling companies as head of an investment firm—400 grand is sort of like the loose change most of us toss into the coin jar on the dresser.

But when he made that announcement Tuesday, it rattled a skeleton that had been hanging in the back of Romney’s closet since his 1994 failed U.S. Senate race against Sen. Edward Kennedy (D-Mass.). The skeleton has the video, too: One that shows workers who desperately needed their paychecks. But they were laid off when a company bought by Romney’s investment firm, Bain Capital, then purchased the workers’ Indiana office supply company—and laid off all the workers.

On Huffington Post, Thomas Edsall brings to light Kennedy’s 1994 campaign commercials of the workers contrasting Romney’s campaign claim that he was a job creator with reality. He writes:

All 350 workers at the SCM plant were laid off, then offered their jobs back at reduced wages. They went on strike. The Kennedy campaign sent a crew to Marion to film the workers. A half dozen ads resulted from the interviews, most of them quoting workers denouncing Romney for lining his pockets at their expense.

Shades of Circuit City, anyone?

FULL story at link.

[elehhhhna]

1. CUT & RUN MITT -- cut their wages , ran off with the difference.