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Labor Dept. gives solyndra employees $13,000 each

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hypocritexposer

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The Labor Department today announced that it had approved Trade Adjustment Assistance for the former employees of the bankrupt solar panel maker Solyndra.

That means all of the firm’s 1,100 ex-employees are eligible for federal aid packages, including job retraining and income assistance. The department has valued packages at about $13,000 a head.

Taxpayers will have to cough up yet another $14.3 million as a result of Solyndra’s bankruptcy. They are already on the hook for $528 million in federal loan guarantees to the company that are unlikely to ever be paid back.

Read more: http://nation.foxnews.com/solyndra/2011/11/21/obamas-labor-department-approves-deal-giving-ex-solyndra-staff-13000-each-federal-aid#ixzz1eOpWeW76
 

Faster horses

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This sounds cold-heated, but why do we owe the employees anything?
I always thought the American Way was a days' work for a days' pay?
This must have something to do with the union????
This Solyndra thing isn't just a wreck, it's a multi-car pile up. :mad:
 

hypocritexposer

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Wouldn't it be interesting to see the number of solar panels imported from the time the money was loaned to the time they went broke.


Trade Adjustment Assistance (TAA) is a program of the United States Department of Labor, U.S. Department of Commerce, and the U.S. Department of Agriculture.

The DOL program, Trade Adjustment Assistance for Workers, provides a variety of reemployment services and benefits to workers who have lost their jobs or suffered a reduction of hours and wages as a result of increased imports or shifts in production outside the United States.

http://en.wikipedia.org/wiki/Trade_Adjustment_Assistance
 

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