Bristol Compressors to lay off 290 employeesAnd there's this:
By RICK WAGNER, Bristol Herald Courier Reporter
BRISTOL, Va. - The bad news is the largest employer in the Bristol, Va., area is laying off 290 people in March. The good news, officials said Friday, is they know of no plans to shut down the plant, which will retain about 1,360 employees after the layoffs.
Bristol Compressors will lay off about 290 of approximately 1,650 total employees by early March, Johnson Controls Inc. spokesman Darryll Fortune said Friday afternoon. (link)
Bristol's largest employer faces uncertain futureThe loss of 290 jobs in Bristol is going to be a severe blow to the local economy. If the plant shuts down completely, it would be devastating.
Bristol Herald Courier Staff Reports
BRISTOL - Bristol Compressors, the Twin City's largest employer, faces an uncertain future.
Less than two weeks after announcing 290 layoffs at the Bristol Virginia plant, parent company Johnson Controls announced Friday it "has begun exploring various strategic alternatives for its Bristol Compressors business," according to a statement Friday morning on PRNewswire. (link)
I'm reminded, by the way, that Governor Tim Kaine proposed a series of tax hikes the other day, some of which will increase our employers' cost of doing business, in order to improve the roads up in Alexandria, the end-result of which will be more Bristol Compressors stories.
A never-ending spiral into the abyss.