decided against opening a new factory in Illinois. Workers’ compensation costs have played a part in driving businesses away from Illinois in the past. Quincy Compressor plans to create more jobs at their factory in Bay Minette, Ala., but it remains unclear whether any of the Quincy factory employees will have the option to transfer to this facility. Between 20, more than 130,000 manufacturing jobs in the state were lost. The factory’s closure is the latest blow to Illinois’ manufacturing industry. He also cited the high price of workers’ compensation in Illinois as one factor in the company’s decision to close the factory. Thompson said the move to consolidate to one factory would lower operating costs for the company. “Unfortunately, the combined union and civic incentives fell short of the annual savings required to retain operations in Quincy,” Thompson said. Layoffs are expected to begin this fall.ĭespite efforts from union leaders and government officials to keep the factory open, Quincy Compressor President John Thompson said the factory is no longer viable. The closing of a factory in Quincy, Ill., will leave more than 150 employees with uncertain futures.Īccording to a recent report from The Quincy Herald-Whig, representatives of Quincy Compressor have announced that the factory will close in July 2015. Despite efforts from union leaders and government officials. According to a recent report from The Quincy Herald-Whig, representatives of Quincy Compressor have announced that the factory will close in July 2015. The closing of a factory in Quincy, Ill., will leave more than 150 employees with uncertain futures. High workers’ compensation costs cited in closing of Quincy factory
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |