Friday, October 23, 2009

Plant Closing Virginia

International Paper is about to close its plant in Franklin, Virginia and put 1100 workers out in the cold; which they will do by the end of the year. Merry Christmas to the working class. It is noted in the article in The Virginian Pilot on this date that the companies "...shares rose 61 cents Thursday to close at $ 24.38 each on the NYSE". If you are under the impression that we are all in the same boat and in it together, you are most assuredly wrong. What's good for the stock holder is not always (should I say never?) good for the worker. You wonder why the business class is opposed to unions; they can make more profits if the working class is non-union.

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