Yet another company that was exploited for profits and when the economy turned south, the owners bail and let the rest hang. Hopefully Wells Fargo will negotiate a deal to keep the factory open and the workers can restore the company to health...but those who fleeced the company walk away with their profits.
It's easy to paint the bank in a bad light as they are now the owners. The workers are stuck out in the cold...literally...as the former owners defaulted on their loans that give the bank the right to liquidate and the workers have no say in the matter. The questions should be how a company that was always profitable...even in light of foreign competition...ended up in such bad shape and who was responsible.
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