UST HQ will leave Stamford

UST HQ will leave Stamford

There are 14 comments on the Stamford Advocate story from Jan 6, 2009, titled UST HQ will leave Stamford. In it, Stamford Advocate reports that:

The headquarters of UST Inc. is slated to leave the city this year after tobacco giant Altria Group Inc.

Join the discussion below, or Read more at Stamford Advocate.

CtMC

Boston, MA

#1 Jan 6, 2009
Can't believe they were even here in the first place. This is one corporate move that just makes complete sense.
Vox Pop

Bloomfield, CT

#2 Jan 6, 2009
Wonder how many employees will be asked to stay with the company, or told to go.
Joe

Lakewood, NJ

#3 Jan 6, 2009
Out of the 300 or so Stamford employees, only a handfull will be offered jobs in Virginia. That is if they want to relocate!
Joe the employee

Lakewood, NJ

#4 Jan 6, 2009
As for the rest of us employees! We are being given decent severence packages along with outplacement services. The article did not mention that most of the 500 plus sales force will probably be losing their jobs also.
Willy

Montville, NJ

#5 Jan 6, 2009
How much did Stamford taxpayers pay for UST to come here for a one-year stint. Shouldn't the corporate welfare be returned to the taxpayers.
Vox Pop

Bloomfield, CT

#6 Jan 7, 2009
Willy wrote:
How much did Stamford taxpayers pay for UST to come here for a one-year stint. Shouldn't the corporate welfare be returned to the taxpayers.
Interesting point.
It would seem reasonable to attach some give-back conditions to those tax incentives, even if most of them are funded by the State.
In that vein, one must wonder how much longer THAT will be flowing.
Bill

Hackensack, NJ

#7 Jan 7, 2009
Corporations like UST will continue to leave Fairfield County. The hedge funds and investment banks are tanking, as are the law firms, accounting firms, retailers, real estate agents, builders, etc., who lived off them. Fairfield County (and all of CT) is heading for the skids, big time.
Really

Stamford, CT

#8 Jan 7, 2009
Bill wrote:
Corporations like UST will continue to leave Fairfield County. The hedge funds and investment banks are tanking, as are the law firms, accounting firms, retailers, real estate agents, builders, etc., who lived off them. Fairfield County (and all of CT) is heading for the skids, big time.
What do hedge funds or any other business you named have to do with UST leaving? The fact is, companies get bought out and operations consolidated all the time. This has nothing to do with CT or Fairfield County "heading for the skids".
Vox Pop

Bloomfield, CT

#9 Jan 7, 2009
Really wrote:
<quoted text>
What do hedge funds or any other business you named have to do with UST leaving? The fact is, companies get bought out and operations consolidated all the time. This has nothing to do with CT or Fairfield County "heading for the skids".
Correct. The tobacco industry is a world of its own, and movement within it cannot be well-tied to our other local financial woes.
Publius

AOL

#10 Jan 7, 2009
Willy wrote:
How much did Stamford taxpayers pay for UST to come here for a one-year stint. Shouldn't the corporate welfare be returned to the taxpayers.
Are you sure there was a contribution by Stamford, or are you just guessing? Since they moved from Greenwich, and didn't build anything, I'm not sure they qualified for any tax breaks.

In any case, I believe there is a provision for recapture when companies do not stay for the agreed upon time.
Vox Pop

Bloomfield, CT

#11 Jan 7, 2009
Publius wrote:
<quoted text>...In any case, I believe there is a provision for recapture when companies do not stay for the agreed upon time.
THAT piques my interest.
Are there provisions for sales, being taken-over,
massive job cuts?
Vox Pop

Bloomfield, CT

#12 Jan 7, 2009
More jobs lost today, 1/7 at Stamford-based Gartner.
tool

Greenwich, CT

#13 Nov 19, 2009
our tax dollars at work. the state gave them tax breaks to stay in ct...If they move no more tax break what a genius...making room for the next guy...with a shortage of affordable housing they should take this place and turn it into condos..
Ex employee

Edgewood, MD

#14 Aug 20, 2010
Typical of corporate shenanigans; i.e,. do not treat employees as people, only as robots to make money for them until no longer needed. I have seen so many UST people get the shaft, it isn't funny.

Disgruntled

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