Tea Party Koch Brothers Earned $11 Bi...

Tea Party Koch Brothers Earned $11 Billion In Recent Years, Laid Off Thousands

Posted in the Minnesota Forum

Lee Fang

Minneapolis, MN

#1 Feb 5, 2011
David and Charles Koch, co-owners of Koch Industries and primary financiers of the Tea Party, have amassed one of the world’s largest private fortunes and Koch Industries is the second largest privately held company in America. Koch sycophants in the media have attacked anyone daring to criticize the company because Koch Industries employs nearly 50,000 people, according to a study produced by Koch Industries last week. In the last two years, David and Charles Koch have jumped from each being worth $16 billion to now being worth $21.5 billion. That means together they went from being worth $31 billion dollars to being worth $42 billion today. David is now the richest man in New York City, and the pair are now on the nation’s top ten list for richest Americans.

However, at a time when the Koch brothers were enjoying spectacular financial gains, Koch Industries laid off well over 2,000 people. Using the same approximate “jobs multiplier” Koch Industries used in its study last week, that means Koch Industries extinguished nearly 8,000 jobs in recent years:

– Koch’s John Zink Company subsidiary laid off 63 people in Tulsa, Oklahoma.

– Koch’s Georgia Pacific subsidiary laid off 118 people at its Roxboro, North Carolina plant.

– Koch laid off 50 people at its INVISTA plant in Wilmington, Delaware.

– Koch’s Georgia Pacific subsidiary laid off 158 people at a paper-making plant in Green Bay, Wisconsin. Most of the jobs have been replaced with automated machines.

– Koch’s INVISTA subsidiary laid off 50 people at its plant in Athens, Georgia.

– Koch laid off 150 people at its headquarters in Wichita, Kansas.

– Koch laid off 500 people at its Seaford, Delaware INVISTA plant.

– Koch laid off 400 people in its Waynesboro, Indiana INVISTA plant. As one of the primary employers in the city, the layoffs were expected to have serious ripple effects. City officials said layoffs at Invista will “force cuts across Waynesboro.”“The rest of the community, this will probably instill a bit of a wake-up call and they will cut back also,” predicted Waynesboro Vice Mayor Frank Lucente.

– Koch laid off 320 people at its Georgia Pacific plywood plant in Cleveland, Texas.

– Koch laid off 60 people at its INVISTA plant in Victoria, Texas.

– Koch laid off 169 people from its Flint Hills Resources plant in Odessa, Texas.

– Koch laid off 300 people at its Georgia Pacific plant in Monroeville, Alabama.

– Koch “indefinitely” idled its 60-worker Georgia Pacific mill in Louisville, Mississippi.

The Koch downsizing isn’t limited to the United States. In England, Koch laid off workers at its chemical plant in Wilton, England and closed down its INVISTA plant in Offenbach, Germany.

Koch Industries pretends that it thrives from the “free market,” and that the government only inhibits its growth. But in reality, as Koch slashed jobs, the company exploited government contracts, public forests, public land, narrow corporate loopholes, eminent domain seizures of private land, and has demanded taxpayer bailouts for its refineries.
DoveGirl

Saint Paul, MN

#2 Feb 5, 2011
Those evil profiteers! How DARE they run a PRIVATE business according to the way they see fit?! Why, Obama should step in IMMEDIATELY and decide how much money the Kochs can earn. Just because the Kochs employ thousands and pay enormous corporate taxes, why should they be compensated well?!
Lee Fang wrote:
David and Charles Koch, co-owners of Koch Industries and primary financiers of the Tea Party, have amassed one of the world’s largest private fortunes and Koch Industries is the second largest privately held company in America. Koch sycophants in the media have attacked anyone daring to criticize the company because Koch Industries employs nearly 50,000 people, according to a study produced by Koch Industries last week. In the last two years, David and Charles Koch have jumped from each being worth $16 billion to now being worth $21.5 billion. That means together they went from being worth $31 billion dollars to being worth $42 billion today. David is now the richest man in New York City, and the pair are now on the nation’s top ten list for richest Americans.
However, at a time when the Koch brothers were enjoying spectacular financial gains, Koch Industries laid off well over 2,000 people. Using the same approximate “jobs multiplier” Koch Industries used in its study last week, that means Koch Industries extinguished nearly 8,000 jobs in recent years:
– Koch’s John Zink Company subsidiary laid off 63 people in Tulsa, Oklahoma.
– Koch’s Georgia Pacific subsidiary laid off 118 people at its Roxboro, North Carolina plant.
– Koch laid off 50 people at its INVISTA plant in Wilmington, Delaware.
– Koch’s Georgia Pacific subsidiary laid off 158 people at a paper-making plant in Green Bay, Wisconsin. Most of the jobs have been replaced with automated machines.
– Koch’s INVISTA subsidiary laid off 50 people at its plant in Athens, Georgia.
– Koch laid off 150 people at its headquarters in Wichita, Kansas.
– Koch laid off 500 people at its Seaford, Delaware INVISTA plant.
– Koch laid off 400 people in its Waynesboro, Indiana INVISTA plant. As one of the primary employers in the city, the layoffs were expected to have serious ripple effects. City officials said layoffs at Invista will “force cuts across Waynesboro.”“The rest of the community, this will probably instill a bit of a wake-up call and they will cut back also,” predicted Waynesboro Vice Mayor Frank Lucente.
– Koch laid off 320 people at its Georgia Pacific plywood plant in Cleveland, Texas.
– Koch laid off 60 people at its INVISTA plant in Victoria, Texas.
– Koch laid off 169 people from its Flint Hills Resources plant in Odessa, Texas.
– Koch laid off 300 people at its Georgia Pacific plant in Monroeville, Alabama.
– Koch “indefinitely” idled its 60-worker Georgia Pacific mill in Louisville, Mississippi.
The Koch downsizing isn’t limited to the United States. In England, Koch laid off workers at its chemical plant in Wilton, England and closed down its INVISTA plant in Offenbach, Germany.
Koch Industries pretends that it thrives from the “free market,” and that the government only inhibits its growth. But in reality, as Koch slashed jobs, the company exploited government contracts, public forests, public land, narrow corporate loopholes, eminent domain seizures of private land, and has demanded taxpayer bailouts for its refineries.
Moonbat LeDumbo

Minneapolis, MN

#3 Feb 5, 2011
Progressive' Protesters Call for Lynching of Black Man

But it's okay, because he's a conservative. Or something. That's right, when asked what we should do with Supreme Court Justice Clarence Thomas after he's impeached, attendees of last weekend's far-left "decloak the Kochs" protest rally had some, er, wild ideas. Those included "string him up," "hang him," and "put him back in the fields."

Check out the video below the fold via our friends at Eyeblast.TV

http://newsbusters.org/blogs/nb-staff/2011/02...

DoveBoy

Ashburn, VA

#4 Feb 5, 2011
DoveGirl wrote:
Those evil profiteers! How DARE they run a PRIVATE business according to the way they see fit?! Why, Obama should step in IMMEDIATELY and decide how much money the Kochs can earn. Just because the Kochs employ thousands and pay enormous corporate taxes, why should they be compensated well?!
<quoted text>
How much did the Koch brothers pay in taxes in 2009?

Next to nothing - billionaire have tax loophomes and writeoffs that the rest of us don't have.
Andy Birkey

Fremont, CA

#5 Feb 5, 2011
Koch Brothers Palm Springs Gathering Draws Right-Wing Billionaires

Billionaire brothers David and Charles Koch are hosting their bi-annual secret gathering of right-wing billionaires at the Rancho Mirage Resort in Palm Springs this Sunday, January 30. The tycoons of Koch Industries, a private multi-industry company, are also well-known for their support of the Tea Party through their foundation Americans for Prosperity.

Even though the guest list for this weekend's event is being kept under wraps, The Guardian reports that this "will be a meeting of 'doers', men and women willing to fight the Obama administration and its perceived attack on US free enterprise and unfettered wealth."

The New York Times reported on this event last October, when invitations first went out. The event invite included exhortations to "develop strategies to counter the most severe threats facing our free society and outline a vision of how we can foster a renewal of American free enterprise and prosperity" and "review strategies for combating the multitude of public policies that threaten to destroy America as we know it."

Alternet reports that a coalition of progressive groups, including Common Cause, CodePink, California Courage Campaign, and Ruckus Society, are organizing a counter-protest of the Koch gathering. Former labor secretary Robert Reich and former green jobs czar Van Jones are slated to be on the open panel, and they will be discussing how to fight against growing corporate influence in the policy-making process.

Attendees of the Koch Brothers' past gatherings:

See http://www.huffingtonpost.com/2011/01/28/koch...
Jack

United States

#7 Aug 9, 2013
THE SEAFORD DE PLANT WAS thriving before invista. People are getting hurt now on the job. When they get hurt they are fired. Invista has electricians there working as engineers. Mundy corp is hiring incompotent workers who havent been trained thus causing things to be out dated. Work isnt getting done the way it is supposed to be. National codes are to protect people. If u hire someone who can barely clean safely how can they possibly do something they havent been trained to do without hurting / killing themselves or even someone else. I believe in 2010 a kid hired on as a journeyman electrician with journeyman wages couldnt clean or even move things around the correct way ended up almost ripping his thumb off. He was fired along with two others. One was a master electrician that was in a completly different area of the building and had nothing to do with the kids inability to follow cleaning instruction also fired a young black kid and I think it was just because he was black. Invista you should be ashamed. Niether one of the electrical foreman on that crew were licensed so they had to get rid of the one that had the training. ha the one foreman litterally looked at someone and told them a 1250 mcm wire was a 600 mcm wire... That is half the size how did he even have that position. Fluor daniels was a more qualified corp that had structure and the right trained individuals. Too bad they lost their contract when invista bought out dupont. I say if invista wants to complain and make up rumors on dupont they should sale it back to dupont for 1/4 of the price now that they see they arent even qualified to run the plants and thus make our country proud again. Quite frankly Invista U SUK

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