Quote:
Originally Posted by garmin239
How do you know these will be call center jobs? You put a negative spin on everything.
This will be their corporate headquarters. They will most likely be corporate type jobs, not low level call center jobs. 400-600 jobs is a great boost. So what if they offer tax breaks? Thats how other cities do it. And how do you know that their only growth is from acquiring other companies?
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It sounds like a negative spin but it is actually criticism. My previous post I recommend that they should of looked for a company that is not in this area. I do not see the positive benefit. If you take a look at the companies press releases it shows they have merged with 1 company and have acquired about 4-5 companies since 2004
August 19, 2004 - PAETEC announced it had completed the purchase of a significant base of commercial customers, switches, and related facilities of Covista Communications, Inc. (NASDAQ symbol: CVST).
Paetec employed 1,100 people in 2004
Democrat & Chronicle: PAETEC changes plans for the good of the company (broken link)
January 4, 2005 - PAETEC announced it was purchasing privately owned telecommunications company, American Long Lines, which primarily served small and medium-sized business customers in the Mid-Atlantic region.
American long lines employed 50 people
ftp://ftp.paetec.com/PDFS/News/2005%...ose_030105.pdf
In 2005 paetec employed 1300 people.
Feb 02, 2006 - Brooks Announces PAETEC Communications to Expand in Monroe County
(Print-friendly PDF file) The company now employs 502 people in Greater Rochester and has a total statewide employment of 626.
Media Center - 2006 Press Releases - PAETEC
February 28, 2007 - PAETEC merged with Charlotte, NC based telecommunications company US LEC in a $1.3 billion cash-and-debt transaction. The deal was approved by both companies' stockholders and on March 1 was closed with the two companies merging into the publicly traded
April 2007 paetec Has employed 2300 of those Us Lec was a 1,000
http://www.paetec.com/downloads/inth...ntPO316518.pdf
PAETEC Holding Corp.
September 17, 2007 - PAETEC Holding Corp. to Acquire McLeodUSA.
employees at mcleodusa=1,600
October 12, 2007 - PAETEC Holding Corp. to Acquire Allworx Corp. out of east rochester. they employ 70 to 100 .(That is a year of jobs for paetec. Do you see job growth or just play of numbers.)
Paetec present employment 2,400
PAETEC Holding Corp. - Wikipedia, the free encyclopedia.
PAETEC Holding Corp. information and related industry information from Hoover's
Again Read the news about the company. If you look from 2004 to 2007 the company almost doubled employment.(which is good) How many from merger and acquisitions 1,120.So the true employment from paetec was 0. It was all growth by buying other companies. In Rochester they had about 500 in 2004 and now they have about 620 in 2007 which 120 are from acquisitions. They are about to gain about 1600 more employees by next year when the purchase of mcleodusa is finalized. So Paetec will probably move some of those people to Rochester in the next 5 years. So Rochester is not truly benefiting from the move. See the Government officials want the public to believe the company will employ people from the area. Typically this is not the case with mergers and acquisitions. They just move or shuffle people around. I am not negative; I am a realistic person that wants real change. I do not want Public officials catering to Big Business if it does not benefit the area.
Democrat & Chronicle: Local News
On the job Queston: yes fairport Hq has call center employees they get paid close to 30k a year but they need a degree in telecom compared to other area call centers.I do not know what the employment mix is at paetec HQ but I know from other tele com companies that most of the employees are support.
My opinion is that midtown has to go. I just disagree on how they solved the problem. It may increase foot traffic for the lunch hour but most of the revenue will leave the city from the working employees. The city will gain more school tax revenue from them. I know that there are several companies inside mid-town does anyone know how many. Does the loss offset the gain.
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