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FreightCar America got a $10 million PPP loan, then closed its plant and moved manufacturing jobs to Mexico

This story was originally published by ProPublica. Late last summer, after churning along through the pandemic with only a two-week pause, managers at FreightCar America called hundreds of workers into the break area at the company’s factory near Muscle Shoals, Alabama, to tell them that the plant was closing for good. For some employees, the news wasn’t a shock: They’d been hearing rumors that management would move the work elsewhere for years. The timing, however, seemed odd. O...
United States Muscle Shoals Eric Kodesch John Munding Robert Bulman Jim Meyer

This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico

This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico Details BUSINESS OR FUNNY BUSINESS-Late last summer, after churning along through the pandemic with only a two-week pause, managers at FreightCar America called hundreds of workers into the break area at the company’s factory near Muscle Shoals, Alabama, to tell them that the plant was closing for good.  For some employees, the news wasn’t a shock: They’d been...
United States Eric Kodesch John Munding Robert Bulman Jim Meyer Chris Eppel

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