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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (657469)	6/2/2012 6:11:04 PM
From: Brumar89	Read Replies (1) \| Respond to of 1572107

I suspect Johnson Controls overall is fine, but the subsidiary that got the energy loan is failing: ..... Johnson Controls received $299 million in taxpayer-funded stimulus dollars to make electric batteries and open up two factories in the U.S. But instead of opening two American factories, as they expected, Johnson Controls only opened one, according to a report last year from the Washington Post, and that plant only operates at half-capacity. But never fear, Johnson Controls just announced last month that they will build a second plant after all... in Kecskemet, Hungary. That's from a story in the Milwaukee Business Journal. And it gets better. Demand hasn't been what they expected so Johnson Controls is going to layoff an unspecified number of workers at their corporate headquarters according to the Milwaukee Journal Sentinel. Oh, and it was just reported earlier this month by Kevin Kistler that the battery plant where Slagle works in Springfield Township was hit with a hefty fine from OSHA for exposing employees to an unreasonable amount of lead. So, to recap: Johnson controls got $299 million of taxpayer stimulus and it resulted in 1 factory at half-capacity, outsourced jobs to Hungary, corporate downsizing, and the company is being fined for potential lead poisoning. And this is the success story he is putting in his campaign ads. ...... Read more: http://www.businessinsider.com/whoops-obamas-latest-ad-touts-299-million-stimulus-success-of-a-company-that-downsized-american-jobs-and-outsourced-a-factory-to-hungary-2012-5#ixzz1wg0FOPvL heritageaction.com