The Governor, somehow, considers the latest tragedy a victory for Southwest Virginia:
N.Y. investors buy Bristol Compressors; 240 jobs cutThat "deal" allowing for the retention of 1,000 jobs at Bristol Compressor for five years is worth a bit less than the paper it is printed on.
The deal with KPS assures that the 1,000 jobs left will continue for five years.
By Ray Reed, The Roanoke Times
A news release from Gov. Tim Kaine's office Monday said 1,000 jobs had been saved in Washington County by the sale of its one-time largest employer, Bristol Compressors, to a New York investors' group.
Despite the good-news tone of the release, the company's work force will be trimmed by about 240 jobs, effective March 25, to bring it near the 1,000 level, said Rick Izor, chief executive officer. Those layoffs were announced about two weeks ago.
Bristol Compressors, which makes heating and air conditioning equipment for the markets of 50 countries, has had three layoffs since employment peaked at more than 2,000 a decade ago. (link)
Beyond that, though, I want to personally thank the Governor for losing only 240 jobs here in Southwest Virginia ... today. And for touting the fact, no less.