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 companyâs factory near Muscle Shoals, Alabama, to tell them that the plant was closing for good. For some employees, the news wasnât a shock: Theyâd been hearing rumors that management would move the work elsewhere for years. The timing, however, seemed odd. Only a few months earlier, the publicly traded company had received a $10 million Paycheck Protection...