Watch this video about Ford and it's South America plant and you will find out why some U.S. companies are taking jobs elsewhere. Be sure to catch the last thirty seconds of the video and you will find out why auto makers will NEVER build in the US again.
Isn't it amazing what a company can do in a struggling economy when they are not hampered by massive regulation and union influence? I wish I would have bought their stock when is was only $1 a couple years ago.
CriticalBill wrote: Isn't it amazing what a company can do in a struggling economy when they are not hampered by massive regulation and union influence? I wish I would have bought their stock when is was only $1 a couple years ago.
I did!
Then again, I thought I could do the same by buying GM for a low price and lost on that deal.
Thomas Sowell: There are no solutions, just trade-offs.
Winchester/Olin (the ammunition portion) is preparing to move from East Alton, IL to Oxford, Mississippi. Two of the biggest reasons are high union labor costs and a property tax dispute with Madison county, IL. The union was informed as to needed concessions and chose to lose their jobs over the next 3 to 5 years rather than compromise. I'm sure the workers in their new home will welcome them.
I'm curious as to why Ford and GM have problems keeping plants open the the US, foreign companies like Toyota, Nissan, and Subaru seem to be doing well with their US plants (so far as I know).
I know union contracts have something to do with it, but the foreign companies here show it's at least posssible to have US based manufacturing.
I don't the the pay and benefits of the unions is the worst problem, but rather the "job rules". The employees in the union shops can't just do whatever it takes, they only can do their one job description. If you pick up a box on the floor, and throw it away, or recycle it, the janitor union will file a grievance.
The plant in south america is amazing....
Too bad future generations aren't here to see all the great things we are spending their $$ on!!
I did!
