Swept Aside | Business | Seven Days | Vermont's Independent Voice

Seven Days needs your financial support!

Swept Aside 

Local Matters

For 135 years, Specialty Filaments of Burlington has been manufacturing fibers used in everything from street sweepers to toothbrushes. But last month, company owner Capital Resource Partners (CRP) announced it's giving the brush-off to more than 130 workers, who will lose their jobs in July.

What's a lifetime of employment at Specialty Filaments worth? About three-and-a-half weeks' pay. That's the maximum severance package being offered to an employee with 43 years of service. Anyone who's been with the company less than five years -- the average length of employment is 15 -- gets nothing but a pink slip.

"These people dedicated their lives to this company," says Pam Pariseau, union president of UNITE HERE Local 438, who was among the 150-plus people at a Burlington rally last weekend. "If CRP didn't have the resources, it'd almost be understandable." Boston-based CRP, a privately owned investment firm, manages more than $1 billion in assets. Company officials did not return calls from Seven Days.

Got something to say? Send a letter to the editor and we'll publish your feedback in print!

About The Author

Ken Picard

Ken Picard

Bio:
Ken Picard has been a Seven Days staff writer since 2002. He has won numerous awards for his work, including the Vermont Press Association's 2005 Mavis Doyle award, a general excellence prize for reporters.

Comments


Comments are closed.

Since 2014, Seven Days has allowed readers to comment on all stories posted on our website. While we’ve appreciated the suggestions and insights, the time has come to shut them down — at least temporarily.

While we champion free speech, facts are a matter of life and death during the coronavirus pandemic, and right now Seven Days is prioritizing the production of responsible journalism over moderating online debates between readers.

To criticize, correct or praise our reporting, please send us a letter to the editor. Or send us a tip. We’ll check it out and report the results.

Online comments may return when we have better tech tools for managing them. Thanks for reading.

Latest in Business

Keep up with us Seven Days a week!

Sign up for our fun and informative
newsletters:

All content © 2020 Da Capo Publishing, Inc. 255 So. Champlain St. Ste. 5, Burlington, VT 05401  |  Contact Us
Website powered by Foundation