GE To Massachusetts: Give Us $25 Million And We'll Cut Only 150 Jobs

[unhappycamper]

GE seeks tax aid to limit layoffs
By Todd Wallack
Globe Staff / November 18, 2010

General Electric Co. has made an unusual offer to the state: Give us $25 million in tax credits, and we won’t cut any more than 150 positions at our aircraft engine plant in Lynn.

The conglomerate has already cut the Lynn plant’s workforce by 600 jobs and could cut 150 more. But General Electric said that if it receives the state aid to help fund a $75 million retooling of the plant, it would maintain the remaining 3,000 jobs for six years.

Typically the state grants tax breaks to companies that create — not cut — jobs, making the General Electric request unusual. State officials said they cannot recall another case of a company asking for tax subsidies while warning it will continue to reduce employment.

“We’re now having to pay companies not to fire people,’’ said Deirdre Cummings, legislative director of the Massachusetts Public Interest Research Group, a consumer group. “This is throwing economic development subsidies on its head.’’

Even after the job cuts of the past two years, the Lynn plant remains among the most important employers on the North Shore. Jobs there pay an average of $75,000 to $100,000, General Electric said, and its business supports more than 30 local suppliers.

[Hannah Bell]

1. mafia.

[Nuclear Unicorn]

4. "Hey...dat's a nice economy you gots dere.

"It'd be a shame if something were to...happen...to it."

[xchrom]

2. ...

:grr: :nuke: :grr:

[chelsea0011]

3. I think Ratheon made the same request years ago, and Massachusetts

gave them the tax break and they still cut the jobs.

[Xicano]

5. Wouldn't that be a violation of the RICO Act?

Sounds a lot like racketeering if you ask me.

[billlll]

6. RR praised in long spot ads on RR birthday last year by GE

Loooong ads with effusive praise for the one who suddenly created the modern homeless phenomena.
He cut rent aid 77%.

Recent Report----
"Whatever else may be wrong, if rent aid is there, there will be no homelessness"

[Luciferous]

7. How about telling them to fuck off and giving 25 million to companies

who actually create jobs?! :mad:

[Wednesdays]

8. Texxon. Do what we say, and nobody gets hurt.

http://snltranscripts.jt.org/82/82ntexxon.phtml