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One Company Received the Maximum Possible PPP Loan, Then Moved Jobs to Mexico

One Company Received the Maximum Possible PPP Loan, Then Moved Jobs to Mexico
truthout.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from truthout.org Daily Mail and Mail on Sunday newspapers.

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This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico

This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico
Details
BUSINESS OR FUNNY BUSINESS-Late last summer, after churning along through the pandemic with only a two-week pause, managers at FreightCar America called hundreds of workers into the break area at the company’s factory near Muscle Shoals, Alabama, to tell them that the plant was closing for good.
For some employees, the news wasn’t a shock: They’d been hearing rumors that management would move the work elsewhere for years. The timing, however, seemed odd. Only a few months earlier, the publicly traded company had received a $10 million Paycheck Protection Program Loan the maximum amount available under a pandemic relief program designed to keep workers employed. Some had believed the funds would keep the doors open for a little while longer. ....

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This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico

This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico
propublica.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propublica.org Daily Mail and Mail on Sunday newspapers.

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Company Gets $10 Million PPP Loan, Then Closes Shop

Company Gets $10 Million PPP Loan, Then Closes Shop
patch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from patch.com Daily Mail and Mail on Sunday newspapers.

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Cadence Aerospace Announces New Leadership Appointments

Cadence Aerospace Announces New Leadership Appointments
May 03, 2021 12:00 ET
| Source:
Cadence Aerospace
Cadence Aerospace
Brian Bentley Chief Executive Officer of the Cadence Aerostructures Segment;
Julian Guerra to Serve on Cadence Board of Directors
ANAHEIM, Calif., May 03, 2021 (GLOBE NEWSWIRE)
Cadence Aerospace, one of the largest global independent providers of precision-machined, large monolithic structures and assemblies, and complex engine components and systems to leading commercial and defense customers, today appointed two new executive leaders. Effective immediately,
Olivier Jarrault leads the Company as
Chief Executive Officer, and
Chief
Kevin Martin continues in his role as
Chief Executive Officer of the
Cadence Engines Segment. Mr. Bentley and Mr. Martin report to Mr. Jarrault. With ....

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