Solyndra Seeking To Pay Two Dozen Employee Bonuses
January 12, 2012 by Personal Liberty News Desk
Though the company filed for bankruptcy despite receiving hundreds of millions of dollars from the government, Solyndra is planning to dole out bonuses to persuade key employees to stay put, The Washington Times reported.
According to the news outlet, nearly two dozen employees could receive bonuses that range from $10,000 to $50,000 each under a proposal that was filed by legal representation for the company in U.S. Bankruptcy Court in Delaware.
The Times reported that the attorneys said the extra money would add motivation at a time when workers for Solyndra have little job security and more work due to firings following the company filing for bankruptcy.
“Within the last few months, the debtors have experienced a serious loss of personnel, which has made the continuation of the sales process in an orderly fashion more difficult,” attorneys for Solyndra disclosed in a recent filing.
The Wall Street Journal recently compared California’s proposed high-speed train to the failed solar company, calling the plan put forth by Governor Jerry Brown the “Solyndra on Wheels,” due to the $98.5 billion price tag for the project.