Extra extra read all about it
The Canadian Press - ONLINE EDITION
Troubled RIM hasn't asked for any more government funding, says Nova Scotia
By: The Canadian Press
5/07/2012 5:14 PM | Comments: 0
HALIFAX - Embattled smartphone maker Research in Motion hasn't asked Nova Scotia for any more money as it contends with faltering sales and eroding stock price, the province's economic development minister said Thursday.
Percy Paris told reporters the province has already given RIM millions of dollars over the past four years, and he's hopeful the company will continue to have a presence in Nova Scotia.
"I'm very pleased to have RIM in the province of Nova Scotia," he said. "They've been a good employer for hundreds of people in the province and I hope that they're going to be here for many years to come."
RIM, which has an office in the Halifax suburb of Bedford, said last week it would lay off about 5,000 employees globally as costs are slashed across the company.
It also shocked the market by delaying its BlackBerry 10 operating system, which was widely considered a last-ditch effort to save the company.
Chief executive Thorsten Heins said Tuesday he was confident the company would get past its challenges, insisting RIM isn't in a "death spiral."
Staff with the province's Economic and Rural Development and Tourism Department said Thursday that Nova Scotia has already handed $5 million to RIM for training and new equipment.
As well, RIM (TSX:RIM) was told in 2008 that it had the opportunity to get about $14 million in payroll rebates if it created 1,200 jobs in five years.
Now, in the fourth year of the program, RIM has created about 540 jobs.
As a result, the company has been handed $7.9 million in payroll rebates.
"RIM has not approached our department for other tools or incentives," Paris said.
Premier Darrell Dexter said the province had no plans to offer the company more incentives to keep the jobs in Nova Scotia.
- 07-06-12, 01:49 AM #2
This doesn't really seem like news. Nova Scotia said they weren't asked.
It's surprising to me that it 'shocked the market by delaying its BlackBerry 10 operating system' since the market doesn't even seem to know about it.
- 07-06-12, 07:52 AM #7
- 07-06-12, 07:59 AM #10
- 07-06-12, 08:07 AM #11
- 07-06-12, 08:31 AM #17
Oops did it again.
- 07-06-12, 08:39 AM #18
- 07-06-12, 08:42 AM #20Trolls don't fit into the above. I have no issue with people saying negative things about BlackBerry. Over the years we've always kept these forums very open and loosely moderated. I don't like to clamp down on conversation, and I don't expect everybody on these forums to get along. I've used the analogy before that we call ourselves Crackberry Nation, and if you think smaller -- like the city you live in -- not everybody gets a long as one big happy family. There's some people you'll like, and some people you won't. The diversity and varying points of view are what make this forum awesome. But having something negative to say based on a formed opinion when you put it out there is one thing, and simply chiming in with crap to stir the pot is another. Just like nations put away the unsavory of society (they go to jail as they're not wanted walking the streets), we're going to do the same here with trolls. If you can't respect the community and its members, it's time for you to leave.
- 07-06-12, 08:43 AM #21
- 07-06-12, 08:46 AM #22
- 07-06-12, 09:01 AM #24
- CrackBerry Genius
07-06-12, 09:08 AM #25
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EERE News: DOE Highlights New GE Appliance Factory in Kentucky
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