The Trenton Real Estate roller coaster ride continues! One minute things are looking up with the announcement of CFB Trenton’s upcoming multi-million dollar infrastructure expenditures and then we learn of yet another series of layoffs at Invar, a manufacturing company just north of Trenton.
In June 2010, 134 Invar employees will lose their jobs. When combined with the job losses at General Mills in 2007 and Pepsico in 2008, a total of 850 positions will have gone by the wayside over the past three years … a considerable number for a town of our size.
While the expansion at the Base is excellent news, we have to keep in mind that it isn’t bringing any permanent jobs to the area right away. However, the influx of 500 – 600 military families in 2011 should provide a greater demand for homes and should help re-energize the local economy!
No comments:
Post a Comment