[Stylo]

Originally Posted by Mr_250

It's official Alexion are gone (not all though). Half of the staff will be moved to Boston. 450 to stay.

The tally is up there for job losses. 400 here, 750 in Granby and some at the helicopter place in Bloomfield.
2018 is going to be rough because you have them plus all of BMS pulling out. If CT wants revenue start charging tax on people leaving. Talk about a mine maker.

Are they keeping just enough to get the sweetheart deals and then moving the entire company to Boston eventually?

That would be my bet.

[keekski]

Alexion is keeping Research & Development in New Haven. I don't think Research & Development is lowest paying? Regardless, they just moved into a brand new building last year! My sister works at Alexion, so I'm sure I'll get some additional information later today. If they offer a relocation package and up salaries, maybe people will move to Boston, if it's offered. The house my sister lives in would be at least 1 mill inside 128. She'd have to get a hefty raise in order to afford the move. Alexion will have to pay more money to their employees up there, even if they are reducing their workforce by 20%, they'll have to pay that in increase of salaries in the Boston area.

[htfdcolt]

Originally Posted by kidyankee764

Woah. Alexion is moving 50% of their workforce to Boston. Their lowest paying jobs to remain.

This is not good.

This is terrible actually. I remember the huge to-do several years ago when they were incentivized to move from Cheshire to New Haven. The new HQ was going to catalyze further development of that part of downtown NH. To move HQ again so soon, which is fundamentally disruptive to a company and expensive, is a damning indictment of the business climate in CT.

[Raider111]

Don't worry, Amazon will come and save the day. Maybe they can help fill up all that empty office space and all those half empty fancy apt towers in Stamford.

[Stylo]

Originally Posted by htfdcolt

This is terrible actually. I remember the huge to-do several years ago when they were incentivized to move from Cheshire to New Haven. The new HQ was going to catalyze further development of that part of downtown NH. To move HQ again so soon, which is fundamentally disruptive to a company and expensive, is a damning indictment of the business climate in CT.

Yep. It's a huge kick in the pants to New Haven.

[East of the River]

Originally Posted by Stylo

Yep. It's a huge kick in the pants to New Haven.

They said on the news this morning the state has given them 26 million over the last 10 years to stay here. I don't think these giveouts are working any more.

[JayCT]

Originally Posted by Mr_250

It's official Alexion are gone (not all though). Half of the staff will be moved to Boston. 450 to stay.

The tally is up there for job losses. 400 here, 750 in Granby and some at the helicopter place in Bloomfield.
2018 is going to be rough because you have them plus all of BMS pulling out. If CT wants revenue start charging tax on people leaving. Talk about a mine maker.

What 750 jobs in Granby are you talking about? Stubhub was 230 jobs with the closing of their call center there if that is what you are referring to here. Kaman is only 85 jobs (45 layoffs, 40 transfers). That does not add up to 750. Jay

[Stylo]

Does the state have to hit some sort of bottom for change to actually happen?

The only silver lining to this is that it may be better off that things get THIS bad, because in the past we've skirted along with problems brewing below the surface for decades and no one sounded the alarm.

Like Detroit, sometimes you have to hit bottom before you can have a renaissance.

[East of the River]

Originally Posted by Stylo

Does the state have to hit some sort of bottom for change to actually happen?

The only silver lining to this is that it may be better off that things get THIS bad, because in the past we've skirted along with problems brewing below the surface for decades and no one sounded the alarm.

Like Detroit, sometimes you have to hit bottom before you can have a renaissance.

I think there is actually. I think eventually parts of our state will come back alive after a painful downslide. The location of the state our natural resources (forests wildlife coastline rivers) are things that have always been attractive to people. I also think at some point the state will have to lower some of the bars for entry in the business community. We don't need giant giveaway to corporations we instead need to take that money and use it to cut costs for startups and small business, with incentives designed for growth and increased employment.

[Stylo]

Originally Posted by East of the River

I think there is actually. I think eventually parts of our state will come back alive after a painful downslide. The location of the state our natural resources (forests wildlife coastline rivers) are things that have always been attractive to people. I also think at some point the state will have to lower some of the bars for entry in the business community. We don't need giant giveaway to corporations we instead need to take that money and use it to cut costs for startups and small business, with incentives designed for growth and increased employment.

Unfortunately the current administration won't crack it. They are seeing the problems unfold in front of them but still don't get it.