DaimlerChrysler fined $1.5 million for lack of jobs

The Post-Standard reports that DaimlerChrysler (DCX) paid the state of New York $1.5 million as a penalty for not providing 300 new jobs at the automaker’s New Process Gear plant. DCX had made a promise to provide the jobs back in 2002 in order to obtain a $2.5 million grant from the state.

By joela714@gmail.com
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The
Post-Standard reports that DaimlerChrysler (DCX) paid the state of New York $1.5 million as a penalty for not
providing 300 new jobs at the automaker’s New Process Gear plant. DCX had made a promise to provide the jobs back in
2002 in order to obtain a $2.5 million grant from the state.
DCX is not alone, however — over 160 other
companies have to pay a penalty for lack of jobs. $1.5 million, though, is the second largest penalty of this type ever
imposed by the state.

[Source: Post-Standard]