SENATOR BALL STATEMENT ON IBM LAYOFFS: ‘CASE STUDY IN POORLY MANAGED CORPORATE WELFARE’

 

     

    Albany, N.Y. – 6/13/2013 – Senator Greg Ball (R, C, I – Patterson) issued the following statement after the news that hundreds of IBM employees in Westchester and Dutchess Counties have received pink slips.

    “This simply confirms what we have know about IBM’s tendency to accept taxpayer dollars, lay folks off and shift responsibility,” said Senator Greg Ball. “We’ve asked Governor Cuomo to get solid commitments from IBM in writing, in return for taxpayer subsidies, yet he has refused to do so. If anyone needs a case study in poorly managed corporate welfare, in a state set to unveil billions more, this is it.”

    In October of 2011 Senator Ball demanded answers after Governor Cuomo announced plans to give $400 million in taxpayer incentives to IBM, a company known for outsourcing, with no strings attached.

    In 2009, Ball demanded an investigation into IBM’s offshore practices after they received over $100 million from New York State. In December of 2008, IBM also accepted $45 million from the Empire State Development Corporation in return for not cutting jobs at its East Fishkill facility. Just two weeks later, the company laid off 274 workers.

    In wake of the latest round of layoffs, Senator Ball is also renewing his call to pass S2576, which would hold any corporation or business receiving any direct or indirect benefits from New York taxpayers accountable.

    “Corporations in New York State have received hundreds of millions of dollars from hard working taxpayers, while simultaneously outsourcing jobs across seas and laying off New York State residents,” said Senator Greg Ball. “It is the role of legislators to hold these corporations who receive any kind of economic development funds from the state, accountable for doing what the money was intended to do, and that is creating jobs here in New York and not abroad.”

    For more information please contact Joe Bachmeier at (845) 200 9716.

    ###