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Marinette Marine layoffs impacted by economic bailout plan

September 29, 08 by TheFleet

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* Note: This article has been edited from the original to correct spelling and grammar.

Source: WGBA TV

While leaving work today some Marinette Marine Corporation employees say they’re nervous. Most don’t know who is losing their job next.  Ninety employees have already been laid off and company officials say 60 more will lose their job in the next month.

The lay-offs are just temporary, but it is unclear when employees can come back.  Marinette Marine Vice President Richard McCreary says they’re close to a deal to build a combat ship for the Navy, and he is optimistic Congress will approve it.

If it passes soon, workers could be back by December, and workers say this gives them some relief.  But company officials say if it doesn’t pass, workers might not be back to work for 6-8 months.

McCreary said “One of the only things that could stop workers from getting back to work sooner than later is if Congress puts all of their energy towards the economic bailout plan.”

Full story, video at WGBA >>

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