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The clipping this text was read from
The clipping this text was read from

Faced with a multi-million dollar state fine, Mr. Gregg announced that the plant was closing. The plant’s employees and their union screamed, and it took less than a week for Senator John Warner to engineer a $40-plus million bailout of the company, saving its jobs.

The company claims it spent $3.5 million last year on installation of pollution equipment. A staggering sum? Not really, when you consider that Chemical Week magazine reported that Avtex Fibers’ gross revenues last year were $350 million. That $3.5 million suddenly shrinks to about one percent of the company’s gross — not so much after all.

And worst of all, the pollution is not some

96.9%