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Old 02-22-2012, 02:01 PM
 
Location: The 12th State
22,974 posts, read 58,516,698 times
Reputation: 14918

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Is it just me or the touted number of promise of 400 jobs will not happen anytime soon or at all.

Chiquita is bringing 200 jobs and that is good but that is what they staff at there headquarters now.

read more on the reported loss here Chiquita reports $16 million 4Q loss, will move in April | WCNC.com Charlotte
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Old 02-22-2012, 03:27 PM
 
Location: State of Being
35,885 posts, read 67,059,012 times
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Tough economic times . . . changes can be made at any point if it means keeping a company viable. So who knows. I guess we will just have to wait and see.
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Old 02-22-2012, 04:13 PM
 
Location: Charlotte, NC
4,761 posts, read 6,418,209 times
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When is the last time we saw what was promised when the local gubment was involved? NASCAR Hall of Fame? Bobcats? White Water Center? Bueller?
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Old 02-22-2012, 04:51 PM
 
2,152 posts, read 6,060,151 times
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I agree, it would have been nice to see their financial results prior to offering them all of the tax incentives for coming. This will certainly hinder any hiring since the quickest way to cut losses is to cut (or not hire) employees.
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Old 02-22-2012, 05:49 PM
 
5,875 posts, read 7,716,388 times
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Second paragraph in the article:

Quote:
The company best known for bananas lost $16 million in the fourth quarter, according to its financial filings. That's a smaller loss than the fourth quarter of 2010, when the company lost $20 million. The company typically takes a loss in the fourth quarter, although that loss has gone down every year since 2008. In 2011 overall, the company made $57 million, compared to $61 million in 2010.
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Old 02-22-2012, 05:52 PM
 
Location: South Beach and DT Raleigh
11,810 posts, read 18,755,285 times
Reputation: 11128
Sounds like some monkey business is going on! Sorry... I couldn't help taking the bait regarding bananas.
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Old 02-22-2012, 06:10 PM
 
Location: The place where the road & the sky collide
21,900 posts, read 27,179,065 times
Reputation: 8966
if they don't meet their promises they don't get the incentives.
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Old 02-22-2012, 06:25 PM
 
377 posts, read 595,761 times
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So basically the loss is standard, but better than previous years; and a loss this big is expected in their 4th quarter.

I get it.
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Old 02-23-2012, 09:35 AM
 
Location: Pixley
3,521 posts, read 2,235,893 times
Reputation: 1858
Quote:
Originally Posted by GoPhils View Post
Second paragraph in the article:
Good catch.
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Old 02-23-2012, 10:08 AM
 
335 posts, read 589,900 times
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Quote:
Originally Posted by southbound_295 View Post
if they don't meet their promises they don't get the incentives.
And I believe the promise was 400 jobs at an AVERAGE (average, not median) salary of $100k. So they move their corporate excecs down here that are pulling in a few million each, which will maintain that $100k average, even if they hire locals and pay them peanuts. I don't see an obvious benefit to offset the money that was given away by the city. These same execs probably have 2nd homes in states with no income taxes, where they will claim residency.
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