Hershey Plant Closing in Dartmouth, N.S.
This is a tragic story when we talk about personal finance. 580 workers being laid off is horrible for the local economy. These are hard working people from Nova Scotia who have spent a good part of their lives helping out The Hershey Company.
Now for reasons that are global in nature, they're losing their jobs.
This immediately makes me think of what's going to happen to the personal finances of these families.
With regards to the discussions on CMA... some of these families are going to run into hard times with their credit and loans.
MY POINT:
We've had many critics complain that this site helps people with bad credit. People with bad credit are often described as low life, irresponsible people.
I would dare anyone to say that to these families faces. These are hard working people who are losing their jobs to a cheaper work force, AND a cheaper dollar. It's all about global competition. To say that these people are irresponsible for not paying their bills would be completely insame!
I hope that the creditors, credit bureaus, mortgage companies, car loan companies that have supplied credit to these Nova Scotians have special sympathy and patience for their situation.
IE... I hope Equifax Canada and TransUnion Canada don't start giving these R9's on their credit reports. That would be misreporting credit in my opinion.
This is a tragic story when we talk about personal finance. 580 workers being laid off is horrible for the local economy. These are hard working people from Nova Scotia who have spent a good part of their lives helping out The Hershey Company.
Now for reasons that are global in nature, they're losing their jobs.
This immediately makes me think of what's going to happen to the personal finances of these families.
With regards to the discussions on CMA... some of these families are going to run into hard times with their credit and loans.
MY POINT:
We've had many critics complain that this site helps people with bad credit. People with bad credit are often described as low life, irresponsible people.
I would dare anyone to say that to these families faces. These are hard working people who are losing their jobs to a cheaper work force, AND a cheaper dollar. It's all about global competition. To say that these people are irresponsible for not paying their bills would be completely insame!
I hope that the creditors, credit bureaus, mortgage companies, car loan companies that have supplied credit to these Nova Scotians have special sympathy and patience for their situation.
IE... I hope Equifax Canada and TransUnion Canada don't start giving these R9's on their credit reports. That would be misreporting credit in my opinion.
Last Canadian plant darkening
May 10, 2007 04:30 AM
Michael Tutton
CANADIAN PRESS
HALIFAX?Hershey is closing its last Canadian candy factory, in Dartmouth, NS, laying off 580 workers and moving part of the production to the United States and Mexico.
Hershey spokesperson Kirk Saville confirmed yesterday that the Moirs factory, which makes Pot of Gold chocolates, will close by December and that the company is negotiating severance packages.
He said the U.S.-based firm is closing the operation because it's operating at a third of capacity, and the firm has to reduce costs to "ensure the long-term competitiveness of the company."
"Our manufacturing network operates at less than half of capacity, and we must make significant changes across the network in both the United States and Canada to ensure that Hershey remains competitive," he said in an interview.
