BizTimes Reports Big Hit To Wisconsin Jobs, Growth
This is not the path to 250,000 new jobs:
Tramont Corp. informed state and local officials today that it plans to go out of business effective May 5.
The company will cease operations and close its two Milwaukee facilities as part of a chapter 128 receivership process.
All of the company's 137 employees will lose their jobs.
7 comments:
Nice work Scotty.
Tramont would probably have been able to stay in business had they received one of the gubernatorial visits . . . . or "more love" from breathless Becky.
But it was not to be: they were located in Milwaukee.
Guess the news about Tramont is net bad, considering the good news of Thursday, February 27, 2014 wherein his accomplishment of the day was to "create" 12 whole new jobs! In a year! Wonder what he'll tweet about tomorrow.
My sympathy though, for the Tramont workers. . . . losing a family-supporting job in this economy has to be frightening.
Walker Goes From Email Embarrassment To Twitter Pathos
Now here's some desperation. Note the "!"
Governor Walker @GovWalker 5mToured MetalStorm in De Pere. They went from about 30 employees to 42 in the past year!
Posted by James Rowen at 11:40 AM
Sounds like there is still hope for workers. The owner wishes to seek the business and hopes new owners will keep employees. This seems like a very unique business but with some redundancy with other companies like Kohler and other companies that produce mobile power units. Yet the power supply part is not the main emphasis of their business - not sure I understand what day tanks are.....seems like a very unique business. 72,000 square ft facility. They are also proud to be headquartered in Milwaukee.
Sad
"My sympathy though, for the Tramont workers. . . . losing a family-supporting job in this economy has to be frightening."
I'm sure this isn't the "Hope and Change" these employees envisioned.
The company is closing because it failed in it's attempt to raise capital. This is just the sort of situation in which WEDC should have stepped-in. WEDC gave $Millions$ to a small aircraft manufacturer that doesn't even have a working prototype and is now failing to meet it's repayment schedule, yet an established business like Tramont gets the shaft. That's economic development -- Walker style. Punish Milwaukee at all costs.
BINGO! If giving short-term financing to businesses in trouble isn't what WEDC is there for, why have it?
Oh wait, I think we know the real answer to that question
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