Bristol Metals fires 290 Workers
Speaking of continuing losses in manufacturing Bristol Tennessee takes another blow in addition to the huge drops in attendance at Bristol Motor Speedway. Bristol Metals a company that makes stainless steel pipe fired 37 workers in 2012 and in June fired the last of its 290 member workforce.
City leaders as usual were caught off guard. Quoting the Bristol Herald Courier in 2012:
The company is in the middle of a five-year in-lieu-of-taxes agreement with the city's Industrial Development Board. Under the agreement, the company can make capital investments without paying additional property taxes. The board will own any new buildings and equipment until the terms of the agreement are fulfilled.
Really? Now what Bristol Tennessee? They dodged their taxes and what are you going to do? Another corporate welfare deal and all we get is 290 layoffs from a company that claims it's the largest stainless steel pipe manufacturer in the country.
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