'This is going to kill small-town America' [MSN Money]
Rite Aid Corporation (RAD)
Last rite aid corporation earnings: 4/16 07:00 am
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Source: MSN Money
BRISTOL, N.H. — The coronavirus itself was slow to arrive in Bristol, a lakide town of ,00 people. The economic dtruction came swiftly.© John Tully for The New York TimBy the d of March, with just a few local cas confirmed, gift shops, yoga studios and rtaurants had all shut their doors. Hundreds lost jobs, contributing to a record surge in national unemploymt claims.Load ErrorBut at least the Freudberg factory was running at full strgth. The factory, which employs 50 people and mak bonded piston seals and other componts for carmakers around the world, has an outsize impact on Bristol’s economy.Sign Up For the Morning Briefing letterBid paying employe their salari and the town tax, the factory — part of a German industrial conglomerate — is the largt customer of Bristol’s sewage and water systems, a linchpin of the annual budget.“Freudberg is our lifeblood,” Nik Coat, the town administrator, said in an interview on April . “If that plant was ever to close or significantly reduce opera
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