Tuesday, July 29, 2014

Walker's WEDC recipient Offshores Workers, then doubles executive pay in 4 years!

Plexus Corporation is now denying they outsourced jobs just a week after receiving lots of cash from Scott Walker and his pay-to-play corporate sugar daddy the Wisconsin Economic Development Corporation.
WKOW: WEDC awarded Plexus Corp. of Neenah with tax credits of up to $2 million in 2011 and up to $15 million in 2012. Plexus has received $4.7 million in tax credits to this point. In July of 2012, Plexus announced it was laying off 116 workers from its Neenah facility.  The U.S. Department of Labor has since ruled those employees, as well as all Plexus employees laid off since December of 2011, are eligible to receive federal Trade Adjustment Assistance (TAA) benefits. 
WKOW's  Greg Neumann has an updated response from Plexus, and it doesn't match the official record.

Not only that, as Plexus shed 116 workers, CEO Dean Foate saw his compensation go from $2.1 million in 2009, to $4.1 million in 2013. And executive pay more than doubled, from $4.3 million in 2000 to $9.9 million in 2013. I'm assuming upper management didn't miss those 116 laying off workers:

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