Just doing a little updating
The State of New Mexico doesn't put their WARN list on the internet, but the State of Oklahoma is nice enough to provide it in a spreadsheet. So what is a WARN list, well, it stands for the Worker Adjustment and Retraining Notification (WARN) Act. According to the Department of Labor WARN helps ensure advance notice in cases of qualified plant closings and mass layoffs.
According to the list, Dean Baldwin Painting of Roswell, New Mexico, was scheduled to lay off 55 employees on February 17, 2010. I can't find any newspaper confirmations of them going trough with the layoffs, but to send in a layoff notice to the government isn't a good sign.
If this deal had gone through, I'd put the chances of their being at least two development contract renegotiations since inception at 100%.
UPDATE/ADDENDUM by Site Admin: For those whose memory may have faded a bit on this two year old story, Dean Baldwin Painting was the big fish that the MDC was not only going to throw money they had in the bank at, but also incur a bunch of debt also. The City Council took the MDC Board to task for this one thankfully. For a history of this you can look through the Jessica's Well Archives of April, 2008. With hind-sight, this MR-T article is also a good read.
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2 Comments
I guess that to receive the loan from banks you must present a great motivation. However, one time I've received a auto loan, just because I was willing to buy a bike.





Dean Baldwin is old news and because of THIS BLOGSITE we missed that bullet! What does concern me is what is a "Qualified Plant Closing" .
Does this mean you can no longer go broke unless the government gives you permission to do so ?
I'll bet you probably have to buy a license to go broke ! And if you can't afford one you have to keep raking in the cash until you can afford the license to be legally poor .
Betcha .