As Tea Party Koch Brothers Earned An Extra $11 Billion In Recent Years, They Laid Off Thousands
February 2, 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.