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#Post#: 15607--------------------------------------------------
Walker's EDC gives tax credits to company firing half it's
workforce.
DIR By: rapids_60
Date: August 25, 2014, 7:40 pm
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I'm sure republicans would be thrilled if it were Obama doing
this. :D
Of course it's Walker, so here come the crickets.
HTML http://www.wisconsinrapidstribune.com/story/money/companies/2014/08/25/ashley-furniture-gets-tax-credit-despite-job-cuts/14565403/
--- Quote ---
> ARCADIA — A Wisconsin-based furniture manufacturer has been
approved for a $6 million tax credit even though it plans to lay
off half its workforce in the state.
>
> In its contract with WEDC, Ashley Furniture agreed to retain
70 percent of existing employee positions in 2014, 60 percent
the following year and 50 percent between 2016 and 2018. The
company currently employs almost 4,000 people in Wisconsin.
>
> Ashley Furniture officials gave $20,000 to Gov. Scott Walker's
re-election campaign about two weeks after the WEDC board voted.
Ronald Wanek, founder and board chairman of Ashley Furniture,
and his wife also contributed $10,500 to Walker's campaign in
2010.
--- End Quote ---
#Post#: 15612--------------------------------------------------
Re: Walker's EDC gives tax credits to company firing half it's
workforce.
DIR By: Snickers
Date: August 25, 2014, 10:26 pm
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1. The deal has not been made yet.
2. And Ashley said in a news report tonight that NONE of
their employees in Wisconsin are going to lose their job . And
there are NOT going to lay any offs in Wisconsin.
#Post#: 15618--------------------------------------------------
Re: Walker's EDC gives tax credits to company firing half it's
workforce.
DIR By: rapids_60
Date: August 26, 2014, 12:10 am
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--- Quote from: Snickers link ---
>
> 1. The deal has not been made yet.
>
> 2. And Ashley said in a news report tonight that NONE of
their employees in Wisconsin are going to lose their job . And
there are NOT going to lay any offs in Wisconsin.
>
--- End Quote ---
They need to get their story straight then. That is not what
they told the WEDC.
They have "no plans" to lay anyone off, but will only agree to
retain about half their workforce?
And will be allowed to lay off up to 50% without having to
return the money.
--- Quote ---
> The WEDC memo from earlier this year, however, described the
company being concerned about retaining all of its jobs because
of rising health insurance costs and the possibility of
automation. It said the company would agree to retain 70 percent
of current job levels in 2014, 60 percent in 2015 and 50 percent
in 2016-18. If employment levels fall below those percentages,
the company would have to return the money.
--- End Quote ---
#Post#: 15623--------------------------------------------------
Re: Walker's EDC gives tax credits to company firing half it's
workforce.
DIR By: Snickers
Date: August 26, 2014, 4:35 pm
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--- Quote from: rapids_60 link ---
>
> They need to get their story straight then. That is not what
they told the WEDC.
> They have "no plans" to lay anyone off, but will only agree to
retain about half their workforce?
> And will be allowed to lay off up to 50% without having to
return the money.
>
>
--- End Quote ---
That was what was in the news report last night.
Channel 7 or 9.
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