Quantcast

$5.9M federal grant issued for ex-NUMMI workers?

~ The Rebel ~ 2012/06/21 04:14:23
Now is the time to buy Tesla. Not the car, necessarily, but the stock. Tesla shares gained nearly 6 percent Wednesday after Goldman Sachs recommended buying it before the new model comes out on Friday.

This Friday will be a big day because the plant, the former NUMMI factory, hasn't produced a vehicle in over two years and it's a far different vehicle, too. It's an all-electric sedan. However, this is also a story about disappointment.

The signage says Tesla in Fremont and a new chapter begins Friday as the new model "S" sedan rolls off the line, but there are ghosts here, too. Nearly 5,000 workers were laid off when NUMMI shut down and only about 1,000 have found new jobs.

About 1,400 others who signed up for help at the center are in the same situation.

The Department of Labor just released an emergency $5.9 million grant to keep these job centers open, extending their closure until September. Rosie had hoped to work at Tesla.

Read More: http://abclocal.go.com/kgo/story?section=news/busi...

You!
Add Photos & Videos

Opinions

Leave a comment and start the discussion!

News & Politics

2013/05/23 06:27:21

Hot Questions on SodaHead
More Hot Questions

More Community More Originals