Meanwhile another US factory closes to send 140 jobs overseas. How many other similar announcements will Chamber of Commerce members issue in small and large towns around America this week?
While the story says the work will go to other company facilities, the company no longer manufactures the fabrics produced by the closing factory in the United States. This is the last one to close.
No doubt the federal and state governments will sponsor retraining programs for these American citizens. How many millions will the CEO make in bonus and options this year? Probably more than enough to make the this factory competitive.
https://mountainmedianews.com/woolwine-facility-to-close-140-people-affected/
Let me ask you this - with a business-hostile administration that seems intent of driving you out of business with regulations and taxation, why would *any* smart CEO not want to go somewhere else where they are less likely to be nationalized?