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Courtesy of news aggregator Carolina Plott Hound, we learn that Chiquita Brands International is planning to change their CEO and cut jobs in the wake of falling revenue.
Many of you should remember that Chiquita received about $22 million worth of state and local corporate welfare handouts to relocate their headquarters to Charlotte, as a reward for their promises of “creating new jobs.” But according to news reports, Chiquita’s planned “cost cutting” measures includes cutting senior management and reducing research and development spending – the very jobs that were reportedly being brought to Charlotte.
Looks like the ruling elite in NC bribed the wrong company to come to NC, again.
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Aug 14 at 08:45
[...] last week, I blogged about Chiquita’s decision to cut jobs in spite of receiving millions of dollars in state and local [...]