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| Re: Old London Melba Toast factory in Bronx relocating to NC - 228 jobs lost (554148) | |||
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Re: Old London Melba Toast factory in Bronx relocating to NC - 228 jobs lost |
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Posted by Dave on Mon Jan 25 11:29:07 2010, in response to Re: Old London Melba Toast factory in Bronx relocating to NC - 228 jobs lost, posted by streetcarman1 on Mon Jan 25 10:48:03 2010. Good suggestions! Having worked with private equity firms, their goal is to sell the company after a few years of ownership (after cutting expenses to a bare minimum) and get their money out for a nice profit. They have no desire to run the company long-term and couldn't give a rats-ass about the best interests of the stakeholders and/or employees. |
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