To the editor:

In the June 4 article, "125 Geneva layoffs blamed on recession," dropping steel prices was cited as the reason for Geneva laying off 5 percent of its employees. True, the steel costs are a major blow to the company's income, but that is not the only reason - money management of what it already has is also responsible.Geneva has been running that stupid Geneva Elementary School ad since Cannon entered the Senate race, and that's expensive, especially during the Jazz game. On May 29, there was a letter written by William D. Kilpack of West Jordan criticizing Geneva and its stockholders for allowing such expenditures to go on in light of the firm's financial problems. Mr. Kilpack is right to be critical. Geneva has been losing $1 million a month for the past quarter - on top of losing money for the past three quarters.

Geneva blames poor steel prices? It should also look at its own spending practices. The United Steel Workers Local 2701 claims to know that the layoffs were coming, so Geneva must have also. But still, it's spending money rather than cutting back expenditures, and it is costing jobs.

Edward D. Riley

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