
“Fabrizio Pedroni, 49, said he was driven to the drastic course of action because his factory had not turned a profit for five years and he was being strangled by high salaries, crippling taxes and dismal rates of productivity. Moving the factory to Eastern Europe was the only way of saving his company, which was founded 50 years ago by his grandfather. When his 40 employees found out what had happened, they were furious. They were not due to return from holiday until next week but got wind of the covert operation and turned up at the Firem factory in the town of Formigine to find the place devoid of machinery. Mr Pedroni says he has received death threats and will not be returning to Italy anytime soon.”
Related posts:
Mexico leader to discuss alleged U.S. spying with Obama
Opponents vote to shoot Egypt’s president Morsi into space
Glenn Greenwald exposes Obama surveillance to CNN
Few Problems With Cannabis for California
Motorola’s Moto X: First Impressions
Criminals can’t escape the cameras
Germans Hide Cash in Diapers as Swiss Secrecy Crumbles
Swap your gold shares for coins, ETF firm offers
IKEA surges forward with store openings despite global economic turmoil
Canada launches mission to map, claim North Pole
Bitcoin on BBC Click
U.S. Says Hawala Enabling Iraq To Help Iran Skirt Sanctions
8-child family defies China’s one-child policy
Benghazi air space shut over security fears: Libya source
Barbados Debt Higher Than Cyprus Prompts Firing of 3,000