Michelle Michael, spokeswoman for the company, said a “substantial” number of employees in Frederick will move because of the restructuring.
“We will have a presence in Frederick, but I don’t know what the number will be,” Michael said in a telephone interview.
Michael said the move will be in phases. Bechtel opened its operations in Frederick in 1999.
In 2011, Maryland officials negotiated with Bechtel to keep 1,250 jobs in Frederick through December 2018. Bechtel received a $9.5 million state grant in the deal. According to the deal, Bechtel must report the number of Frederick jobs at the end of each year to the Maryland Department of Business and Economic Development and pay money back if the employee level falls below the agreed-upon number.
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3 comments:
Can anyone say "Rain Tax".
Evidently moving out of Maryland is worth the payback......
Exactly, 5:44. When leaving Maryland becomes worth paying $5 million dollars to escape, you know it's bad.
I just got an inheritance. It's time to make a move at age 60.
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