Baja Boats Kaput?
Tim wrote:
On Apr 8, 2:46 pm, HK wrote:
The company said closing of the Baja plant will result in the
elimination of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with
severance and other costs, to total between $10 million to $15 million.
Well, at least they employees are getting a severance. I may be wrong,
but If I rememebr correctly when Mariah in W. Frankfurt IL closed its
doors, I think the employees got a final paycheck and that was it.
I feel for American workers who gave their all for the corporation and
in the end got screwed by it in losing their jobs, or their health care,
or their pensions.
To me, a shareholders' equity in a corporation is worth only a small
time fraction of a longtime worker's "sweat equity." Capital is not
worth more than labor. Capital is only money; labor is life.
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