MILWAUKEE (WTAQ) - We’ll wait and see.
That’s basically what a Milwaukee firm says about a recent claim from its CEO on what might happen if President Obama was re-elected – which he was.
Michael White told employees at Rite-Hite in an e-mail that voters should understand the, “personal consequences” of re-electing the president.
Monday, company vice president Antonio Catalano told the Journal Sentinel that no decisions have been made on cutting benefits or jobs. And he said Rite-Hite will evaluate its business on an ongoing basis and make decisions that are, “in the best interest of the company and its employees.”
White’s e-mail said that under a second Obama term, personal taxes would go up dramatically – company-funded retirement benefits would be at risk – and the firm’s health plan might disappear, because more employees would find cheaper to enter the government’s plan.
Rite-Hite, which makes industrial equipment, was among the first known companies around the nation which told employees what might happen if Republican Mitt Romney wasn’t elected.
A state law prohibits employers from telling workers who to vote for – or threaten pay and benefit cuts depending on who’s elected.
Various media reports said U.S. companies were allowed to have more political interaction with their employees under the Supreme Court’s “Citizens United” decision.