I was just reading the story about RSA bailing out Wise Alloys. Boo Hoo....Poor Wise Alloys....NOT!
I want to know why Wise Alloys has reneged on the promises it made to folks like my father who were offered and took the full retirement packages when Wise bought out Reynolds. My father and many more like him were promised free health insurance coverage for life but suddenly, without warning, my father's retirement checks are now $300 short because Wise is now charging him for health insurance coverage. This is a 70 year old man who has survived lung cancer due to asbestosis he contracted while working at that plant and now something underhanded and dirty like this is done to him by this company. I'm sure he isn't the only one in the Shoals but nobody seems to be broadcasting this. I'm sure Wise definitely wants it hushed up. Wise should take some of their new found wealth from RSA and pay off on their promises and stop charging my father and others like him for the FREE health insurance coverage they were promised.
If this is the way Wise does business, they deserve whatever happens to them and I'm not surprised they are having difficulties. What goes around, comes around. Although, I'm sure the executives of the company, like CEO David D'Addario and CFO Ken Stastny, aren't hurting in the least. They'll still get their fat bonuses and stock options while people like my father struggle to make ends meet on increasingly smaller retirement checks. SHAME ON WISE ALLOYS! With friends like Wise, the the Shoals area doesn't need enemies.