"Dude, you're getting gubment cheese!"
Posted on 10/07/2009 12:53:24 PM PDT by southernnorthcarolina
Dell plans to close its computer manufacturing plant in Winston-Salem by January, and lay off 905 employees.
Dell opened the assembly plant in 2005 and was offered a massive incentives package valued at $305 million if it met hiring and investment goals. The project was seen as a major economic development victory by supporters and a huge waste of taxpayer money by critics.
About 600 workers at the plant will be let go next month, Dell announced this afternoon. The rest will be out of work by early next year.
The closure of the Forsyth County plant is part of a broader cost-cutting effort by Dell, which is trying to offset weaker PC sales worldwide during the recession.
"This is a difficult decision, especially for our North Carolina colleagues, but a necessary one for Dell customers and our company," vice president Frank Miller said in a prepared statement.
LOL. More chinese communists will have jobs. Yipeee
I don’t think Michael Dell has EVER built a plant unless he has strongarmed a sweetheart deal out of the local taxpayers.
He’s been doing it around here since... well, since he started in business.
Well, at least the good citizens of W-S will have a lovely tombstone of a plant to admire.
once he taxpayer benefit is gone they close the factory?
I dont blame him... business is business
He could do something better for PR- but the bottom line is the bottom line and government screwed with the market mechanics when they gave him a huge tax benefit
Wow! This is devastating for that area! There’s going to be a ripple affect from this to all of the shops and jobs in the area that depend on the Dell plant for their own production. I remember the folks in NC moving Heaven and Earth to get that plant built there.
This is a bit of a shock, because it hasn’t been there very long at all. Not even 6 years, I don’t think.
Very sad news....
They're more than happy to do the manufacturing at a LOW price that American UNIONS will NOT allow!
Way to go Obama!!!!!!
Hey NC, how is that Hope and Change working out for you? This must be the green shoots the administration was talking about.
2005. So barely four years.
The state of NC bent over backwards to get Dell. They gave Dell every tax break possible and incentive they could think of. The whole project has been a failure. Dell never lived up to any of its promises of employment and such.
How about this: Quit giver incentives to attract businesses. Lower all the damn taxes for everyone and then you won’t need to give incentives.
The fact that you have to give incentives means that your taxes are too high.
IDIOTS.
Bingo!
It's ALWAYS a Bad Thing when a government grants an advantage or favor to a single company.
Make your city or state a nice place to do business (lower taxes, fewer regulations, better infrastructure) and let the companies take care of the rest themselves.
Let me guess: The inventives expire on December 31, 2009. Now, why would I think that??
Ain’t Socialism a bitch???
Frontwards.
Have a Merry Christmas!!!!!!!!!
Not like most of these companies are not hiring, they are just not doing it here.
Hmmm, so Dell got $305 million for a promise of 905 jobs for four years. My math works that out to $84,254 per worker per year. So Dell got NC to pay all of its salary cost (and then some). Wow. Just wow. NC got taken.
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