Per CBS/MarketWatch, out of the Denver bureau, then:". . .These decisions are never easy because we know they affect the lives of our employees and their families," Solo Chief Executive Robert Korzenski said in a press release.
This is remarkably compassionate language for a CEO who runs a $1.5 billion company that makes products you use once and throw away.
Solo has invested more than $150 million over the past two years upgrading equipment, so it just doesn't need all these people anymore. . . .
[UPDATED: He not only makes over $2 Million a year to do it; he gets another $500,000 in bonuses, if he can now quickly offload the company (without a price-received threshhold, to boot!) -- after gutting its workforce, about a year ago.]
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