May 01, 2018

KENNEDY TO PHILIPS LIGHTING: KEEP YOUR JOBS IN FALL RIVER

Leads letter with Massachusetts Congressional Delegation

Newton, MA – Congressman Joe Kennedy III and the entire Massachusetts Congressional delegation today demanded Philips Lighting honor its commitments to loyal workers and the city of Fall River that has been a willing partner for decades. Citing Philips Lighting’s announced decision to buy back $187 million in shares in 2018, the lawmakers requested an explanation from the company’s CEO for the inconsistencies in the company’s decision to move the facility’s jobs to Mexico and Canada.

 
“For a company with over $300 million in profits and $187 million in share buybacks, laying off nearly 200 loyal workers defies logic and screams dishonesty,” said Congressman Kennedy. “As the Trump Administration and the GOP Congress touts their tax plan around the country, American workers like those in Fall River are being left behind while international investors reap the benefits. With the entire Massachusetts delegation, we demand answers from Philips Lighting and urge the company to reconsider this shortsighted decision.”
 
In the letter, the lawmakers wrote, “The city of Fall River and the greater Fall River community have been proud hosts to Philips Lighting and committed partners in its success for decades.  The city approved Tax Incremental Financing of $2 million to the company in 1994 to ensure a multi-million dollar expansion at the Fall River facility.  This TIF was the first ever granted by Fall River and the first of its kind in the South Coast region of Massachusetts.  In 2012, the Commonwealth stepped forward with $540,000 in grants from the Massachusetts Clean Energy Center to assist the company’s construction of a wind turbine that would provide 70% of the facility’s power supply.”
 
To read the full letter, please click here.

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For Immediate Release:
May 1, 2018
 
Contact:
Emily Kaufman (617) 332-3333
Dan Black (202) 225-5931

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