Simply amazing. Both of these things cannot be true at the same time.
Mercury Marine Group is a private company categorized under Marine engines and located in Fond Du Lac, WI. Current estimates show this company has an annual revenue of $45,800,000 and employs a staff of approximately 550.
The impact extends well beyond Fond du Lac County. The direct and indirect impact is expected to result in the loss of almost 8,000 jobs and $450 million loss in annual earnings in the 7-county region (Fond du Lac and adjoining counties); and loss of over 11,000 jobs and $600 million annual earnings in the State.
It is simply impossible for a $45M company with ~500 employees to impact 11,000 jobs and a $600M loss in the state.
Since both of these things could not be true, I checked HERE and confirmed the first numbers.
I think that if Gov. Doyle knew that it was an exagerated *cough* report from the Fond Du Lac County Economic Council he might not have offered much in the way of state incentives.
Oh, by the way, you can read about the Stillwater plant here. It has 380 employees.
The company had requested an economic incentive package from state and county officials in Oklahoma and Wisconsin to cover some costs in relocating one of the two facilities.
Ahh, having your cake and eating it, too. You just gotta love the new president of Mercury Marine and his moxy to pit both states against each other, embrace an exagerated *cough* economic report on the company website, and make the union look like they are the bad guys. No wonder Brunswick cleaned house earlier this year and brought a new tougher management team into place.
Savvy guy, eh? But what can you expect when the company sales are down 50%? It isn’t costs, it’s freakin’ sales that are the problem. (It’s the economy, stupid!)
Swabero Schwabero has convinced everyone that he is the softball guy but he really is playing hardball. He will likely not move either plant and just reap the tax credits from both states for ten years or so. A tough guy that ya just gotta like. And that is the reason why the big dogs get millions of dollars per year in bonuses.
Mercury Marine, a subsidiary of Lake Forest, Ill.-based Brunswick Corp., has to reduce production capacity because sales have dropped 50 percent from a year ago and any recovery could take years, Fleming said Monday.