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Contact:
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  State Secures Back Pay Owed To Precision Technology Workers
  Checks Will Be Available to Workers Tomorrow Morning at Concord NH Works Office
   
 

CONCORD - While the state continues to pursue legal action to protect the rights of the 131 workers of Precision Technology, Gov. John Lynch today announced the state has been successful in securing pay for days worked by the employees.

Checks will be available tomorrow beginning at 8:30 a.m. at the Concord NH Works Office located at 10 West St. Gov. Lynch will be at the NH Works Office at 8:30 a.m.

Last week, Precision Technology abruptly closed its doors. The company did not provide the 60 days notice, or equivalent severance pay, to employees as required by the federal Worker Adjustment and Retraining Notification (WARN) Act.

In addition, paychecks for some workers from the week of August 17 bounced, and no workers were paid for the work they did the week of August 24.

The state has reached an agreement with Greystone Business Credit - which was a principal creditor in the company and which hired security to close the plant - to pay the two weeks back pay for the workers.

“I am pleased we have been able to ensure the workers of Precision Technology will receive paychecks for work they have performed. But workers are still owed substantial sums and we will continue to fight for the interests of these New Hampshire workers,” Gov. Lynch said.

“The hard work of these employees produced this company’s products. We believe the workers deserve to be paid for their work,” Gov. Lynch said.

The state continues to pursue legal action to protect the rights of workers.

On Monday, the state was successful in obtaining a temporary restraining order against the company, preventing the transfer of assets of Precision Technology until a formal hearing is held. A hearing has been scheduled for Sept. 10, at 10:30 a.m. in Merrimack County Superior Court.

The New Hampshire Department of Justice has asked the court to dissolve Precision Technology and freeze its assets so that they may be used to provide employees with the compensation they are due. The temporary restraining order prevents the removal of equipment or the transfer of any of the company’s assets.

Members of the state’s Rapid Response team held three sessions this past weekend to assist the workers in applying for unemployment benefits and help determine their needs in re-entering the workforce. The Department of Employment Security is expediting unemployment benefits for the employees of Precision Technology.

The Rapid Response team includes representatives of the state departments of Employment Security, Labor, Resources and Economic Development, Health and Human Services, the New Hampshire Community College System and NHWorks.

 
Office of the Governor : State House : Concord, NH 03301
 
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