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Canuck57[_9_] Canuck57[_9_] is offline
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Default Electric Boat laying off 434 employees, but....

On 01/02/2010 6:13 PM, Harry wrote:
On 2/1/10 8:05 PM, Tim wrote:
http://abcnews.go.com/Business/wireStory?id=9700797

Seems odd that they will lay off a load of people when they've been
awarded a $24M contract to update a submarine.

http://www.businessweek.com/ap/finan.../D9DHLJTO2.htm

Electric Boat is solely owned by defense contractor General Dynamics.
Really odd to lay people off when there's work to be done.

I know I'm missing something, but what?



They found a Chinese contractor who pays his workers five cents an hour.
Of course, the subs will implode because the Chinese workers can't
really weld...


Probably could. They even have a facility to maintain nuke subs.