Local Workers Get Money from Bankrupt Company

By: 23 Newsroom
By: 23 Newsroom

Some stateline employees will see severance pay.

Former Beloit corporation employees will be compensated as part of a settlement with the company. State Rep. Dan Schooff says the first part of a settlement with the bankrupt manufacturer has been reached.

The agreement would provide $500,000 in severance pay to nearly 400 former workers. The state continues negotiations with the company.


23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 659147 - wifr.com/a?a=659147