IN PERSONAL CALL, SCHUMER URGES DANAHER CORPORATION CEO TO PROTECT AND GROW JOBS IN CORTLAND COUNTY – PENDING FINALIZATION OF PURCHASE, SCHUMER SEEKS ASSURANCES ON 650 VITAL PALL CORP. JOBS IN CORTLAND
Danaher Corporation Recently Announced it Will Purchase Cortland County’s Pall Corp.– But Many Locals Are Concerned This Could Mean Job Loss For Local Residents
Schumer Has Long Fought To Protect Central NY and Cortland County Jobs – In Personal Call to Danaher, Schumer Touts Pall’s Profitability, Excellent Products and Strong Growth Potential; Urges CEO to Ensure Jobs Will Stay in Central New York Even After Sale is Finalized
Schumer: Pall Corporation is a Vibrant and Profitable Company Whose Workforce Propelled its Success; Cortland Should Remain Hub for New Company’s Future Growth
In a personal call to Danaher Corporation CEO, Thomas Patrick Joyce Jr., U.S. Senator Charles E. Schumer urged the likely purchaser of Pall Corporation to protect 650 existing jobs at the company’s Cortland plant. Further, Schumer touted the company’s profitability and solid underlying fundamentals, and urged the CEO to consider expanding operations in Cortland.
Schumer explained that Pall Corporation also has their headquarters in Port Washington, NY, located on Long Island, where they employ roughly 500 people. In addition, the company has a significant production facility in Cortlandville, NY that employs roughly 650 people. In his call with Danaher’s CEO, Schumer highlighted the importance of both facilities and encouraged Danaher to not only protect the jobs at those facilities, but also to continue to look for ways to grow the company.
Schumer noted, and Danaher concurred that the acquisition does not have an overlap with existing Danaher businesses. Danaher indicated that it sought the purchase because it believed in the growth potential of Pall’s filtration business and the positive future in the life sciences sector of the economy. Danaher CEO Joyce indicated to Senator Schumer that there were no imminent cut backs planned and that, in general, he was bullish on the firm’s future.
“I spoke directly with Danaher CEO Thomas Joyce, and urged him to protect these important jobs in Cortland County. These jobs are vital to the local community and economy and the employees at Pall Corp were a key driver in the company’s success over the years, and should continue to remain a critical part of Danaher’s company after the acquisition is complete,” said Senator Schumer. “The bottom line is that Pall Corporation makes a world-class filtration product with a bright future and very strong upside growth potential. The good news is that the CEO of Danaher, Mr. Joyce, shares that view and also thinks this company has a bright future. My point to him is that we must build on the jobs here in Cortland – and hopefully even expand them. He heard me loud and clear.”
Pall Corp. is the largest private employer in Cortland County. On May 13, Pall Corporation, a global leader in filtration, separation and purification technologies, announced it agreed to be acquired by Danaher for $13.8 billion, including assumed debt and net of acquired cash. However, Schumer said that, following the announcement of this acquisition, many locals expressed concerns that there could be job losses following the final deal. As a result, Schumer made a personal call to the Danaher CEO to urge him to ensure jobs in Cortland County and make Central New York a place where the new combined company can leverage and grow its workforce and increase business, a win for the company and the top-notch Cortland County workforce.
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