Quote:
Originally Posted by JADAQ
Another round of layoffs yesterday (12 people) at the EFI plant on route 104.
This comes about a month after senior management told everyone "there won't be any more layoffs"
This must be part of "The Donald's" MAKE AMERICA GREAT AGAIN PLAN!!
Now we'll be down and out, living the welfare side of life
EFI is slated to move to Londonderry in February of 2018 to a new facility. Reason being is there customers don't want to travel an hour from MHT north to Meredith to see our beautiful state and spend money in the lakes region.... sad
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Don't blame the President. Blame the State of New Hampshire. It's 8% business tax is driving businesses out of NH. The Londonderry move is a temporary thing. Eventually, EFI will move to a more business friendly environment. My understanding is that this move was caused by the lack of attracting talent in the Lakes Region. I don't think Londonderry will be much better, but who knows. The reason why talent is fleeing the State is because businesses do not want to invest in NH. My business had an opportunity to invest in a NH location, but decided against it because of the 8% business tax. We were better off paying (and having our employees pay) Massachusetts' 5.35 personal tax. Lower or eliminate the business tax, and businesses will come.