Thursday, January 10, 2013

Out-Of-State Equity Investors Close Another WI Plant

Wisconsin is open for business.

Yes - - to what Ron Johnson called "creative destruction."

So, "Hello" investor revenues, "good-bye" long-standing plants.

And their payrolls:.

Golden Guernsey Dairy, Waukesha, WI. 117 workers.

Wausau Paper, Brokaw, WI. 450 workers.


Anonymous said...

Wausau Paper in Rhinelander and Mosinee are right behind these. The writing is on the wall.

Sue said...

The CEO of the company that owns the Golden Guensey plant has been expressing his deep sadness that everyone, including of course the union, has forced him to shut the plant without going through any of the legalities that might have protected the workers a little bit.
If you take a look at the company website, the page showing the head honchos is populated by what appear to be publicity shots from some new network drama about the lives and loves of impossibly hot young professionals. Every one of the men have their shirts open at the collar in some kind of fashion statement, I suppose.

zombie rotten mcdonald said...

McGovernor, your stats are going in the wrong direction....

Anonymous said...

I wonder why someone would buy a company that was losing money if they didn't have the skills needed to make the investment profitable?

If you're burning money, why not write a check to your favorite charity instead?

Anonymous said...

The media will help walker spin this as reason for more DIVIDE AND CONQUER!

Don't believe the lies that Cap Time writes and prints about a moderate agenda. They're beginning with an issue that was so contentious last year, couldn't pass -- mining.

We are one-step closer to "right to work" with each job failure -- walker's economy is not a "glitch".

Its a FEATURE and more "divide and conquer" is coming.

Anonymous said...

I'm guessing these investors had bet on Walker delivering Right to Work for Less, and lost.