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9 · OAKVILLE BEAVER Wednesday, August 5, 2009 Glenburnie's got it NIKKI WESLEY/OAKVILLE BEAVER TALENT AND MORE: Kayden Stewart, 6, waves her puppet in time to the beat during Glenburnie Summer School finale -- Glenburnie's Got Talent! show. The summer school offered weekly themes to keep kids tuned in to the fun. The previous week, for example, the theme was Xtreme Science -- Experiments in Motion. Suffice to say, the youths were suitably entertained and entertaining. DO YOU OWN A BUSINESS? Are Your Business And Family Assets Protected In The Event Of A Lawsuit Or Bankuptcy? The Incorporators Will Build A Corporate And Personal Structure For You That Will Ensure Such A Situation Does Not Occur. Plug pulled on GE lamp plant GE Consumer & Industrial announced yesterday (Tuesday) a plan to transfer and consolidate Oakville Lamp Plant's production to other plants. The action driven by global overcapacity, reduced volume and changing customer preferences will put 180 employees out of work at the plant located at 420 South Service Rd. E. The closure is due to declining sales and volume, global overcapacity and changing customer preferences to more energy-efficient types of light bulbs, according to a statement released late yesterday by GE. The plant manufactures incandescent, fluorescent and halogen light bulbs. The work transfer will occur in phases through August 2010. There is a separate warehouse and distribution centre in Oakville that is not a part of the announcement, and it will continue to operate. The Oakville plant has 160 hourly production employees, represented by Local 544 of the Communications, Energy, and Paperworkers (CEP) Union, plus 20 salaried employees. Employees affected will be eligible for a variety of GE benefits, including retirement options -- with nearly 40 per cent of employees eligible for retirement -- severance, tuition reimbursement for education and retraining, re-employment assistance programs, continuation of many benefits for 12 months and counselling. "This type of action is always difficult, because of the human impact. We know today's environment is tough," said Keith Sapiano, plant manager. Ronald S. Wilson, general manager for GE North America Lighting Manufacturing, said, "Fundamental changes are taking place in the global lighting industry. For example, market decline for incandescent types of bulbs has accelerated with governments around the world setting new standards for efficiency and additional standards are being proposed with the potential to affect further current product offerings. It is imperative we adapt and reshape GE's lighting business in the direction of where markets and customer demand are headed. At the same time, we must also address global overcapacity based on volume declines and the need to run our operations more efficiently and cost competitively. It is costly and inefficient to have multiple plants doing similar production when fewer plants can handle all of the work." "Making this announcement is not easy. The reality is all costs related to manufacturing at our plant are growing, and therefore, negatively affecting the competitiveness of GE's lighting business. As hard as this decision is, we understand the rationale behind consolidating production to improve efficiency and competitiveness," said Sapiano. Why Should I Have `The Incorporators TM ' Incorporate My Business? · Our rates are one-third to one-half that of our competition. · The Articles of Incorporation that we prepare for you will be designed in such a way as to provide you with maximum flexibility in your corporate and personal income tax planning. · We have been incorporating companies for almost twenty-six years. Who Should Incorporate? · Any business whose annual net profit is in excess of $20,000; · Any business which has a risk of being sued which in today's litigious society is just about everybody. Why Should I Incorporate My Business? ED FOSTER · · · · To pay less income tax. To protect your business and family assets from your creditors. To give your business greater credibility. To protect your business name. Voted First Place Diamond Award Winners In The Categories of Incorporation Services, Tax Preparation Services And Business Advisory Services 6 YEARS IN A ROW! Member of & SERVING SMALL AND HOME BASED BUSINESSES FOR ALMOST 26 YEARS 905-469-8777 ADVISORY COMMITTED TO REDUCING THE INCOME TAXES THAT YOU PAY www.thetaxadvisory.ca THE TAX INCORPORATORSTM COMMITTED TO INCORPORATING YOUR COMPANY THE RIGHT WAY THE FIRST TIME www.theincorporators.ca THE ADVISORY COMMITTED TO MAKING YOUR BUSINESS A SUCCESS THE BUSINESS www.thebusinessadvisory.ca