April 7, 2003 |
News Media Contact
DISPLACED WORKERS TO RECEIVE ASSISTANCEAdditional aid will help former
Precision Twist Drill Company employees
Madison – Governor Jim Doyle and the Department of
Workforce Development (DWD) today announced that workers who lost their
jobs at Precision Twist Drill Company in Rhinelander, Wisconsin, will
receive additional assistance from the federal government because their
job losses were a result of increased foreign competition. The U.S.
Department of Labor, Employment and Training Administration, rewarded a
request by DWD to assist the former employees of the company.
"We are grateful that the Department of Labor has agreed to assist
these hard working Wisconsin residents, who were victims of poor economic
conditions and stiff foreign competition. These individuals and their
families need and deserve this assistance," said Governor Jim Doyle.
The Department of Workforce Development made the requests on behalf of
the affected workers on February 6, 2003 for workers at Precision Twist
Drill Company. Workers who suffered employment loss on or after September
16, 2001 through September 16, 2003 from Precision Twist Drill Company are
eligible to apply for assistance under Section 223 of the Trade act of
1974, as amended.
The Department of Labor determined that workers were eligible for
assistance because increases of imports of articles like or directly
competitive with products produced by these companies contributed to the
total or partial separation of workers and to a decline in sales or
Trade Adjustment Assistance (TAA) offers a variety of benefits and
reemployment services to assist unemployed workers prepare for and obtain
suitable employment. Workers may be eligible for training, job search and
relocation allowances, income support and other reemployment services.
Affected workers can contact their local Job Center at (888) 258-9966
for more information.
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