850 more American jobs heading to Mexico

[chefdennis]

No big deal, it is just a market adjustment, they were making too many sweepers and the price was too high and it looks like those dumb american workers probably shot themselves in the foot again and they deserved it......

But hey the company will have a better profitability picture because of reductions in labor cost, and their stock will go up!!!

And i know barry said he was going to stop this from happening, he wasn't going to continue the lacks bush policies that allowed this, he was going to force a fix on nafta....


Electrolux Exporting 850 Iowan Jobs to Mexico
Fri, Oct 23, 2009

http://www.employmentspectator.com/2...obs-to-mexico/

Home appliance maker Electrolux is closing down two factories in Iowa by spring of 2011 and expanding an existing plant in Juarez, Mexico, to make up the difference. 800 people work at the factory in Webster City, which will close early 2011, and 50 more are employed at a smaller facility in Jefferson city, which will close before the end of 2010.

Electrolux’s North American major appliance operations are based in Augusta, Ga. The company is headquartered in Stockholm, Sweden. The company had 55,000 employees in 2008, of which 8,000 were in the U.S.

 

[OntarioVanMan]

I'll agree with ya on that......These companies to their credit are trying to stay in the US or even North America...but Obana just ignores business to make the US business friendly....

One good thing...most of Whirlpool and Electroluxs suppliers are here in the US...it might be a boon for us expediters...all they are doing is moving the assembly down there.....for now.