“Maybe they should cut production and lay off EE’s til it picks back up.”
They have. However, labor costs are often less than 10% of an auto parts price. The supplies have been forced to heavily automate to stay competitive. They still have to pay the bills even if they have no sales.
Then they are done for. They should just close til biz picks up.
Next will be the tool manufacturers, a small sample;
American Measuring Tool Manufacturers Association
2008 AMTMA Member List
http://www.amtma.com/html/members.html
MAHR FEDERAL, INC., MARK - 10 CORPORATION, NORTH AMERICAN TOOL CORP., NIKON INSTRUMENTS, INC., OSBORN PRODUCTS, INC., PENNOYER-DODGE COMPANY, R.L. SCHMITT CO., INC., S-T INDUSTRIES, INC., SIZE CONTROL, A DIVISION OF KENNAMETAL IPG, THREAD CHECK, INC., THREADS, A DIVISION OF KENNAMETAL IPG, ULRICH METROLOGY, INC, VAN KEUREN, A DIVISION OF KENNAMETAL IPG,
.
VAN KEUREN, A DIVISION OF KENNAMETAL IPG
DESCRIPTION OF PRODUCTS & SERVICES: Thread & gear wires, precision cylindrical plugs and rings, thread plugs and rings, optical flats and monochromatic lights. Calibration service.
VERMONT GAGE, DIV. VERMONT PRECISION TOOLS, INC.
DESCRIPTION OF PRODUCTS & SERVICES: Pin gages, Co-No/Go plug gages, plain ring gages, Thread plug and ring gage. Available in steel, chrome and carbide.
.
Democrats and their President will have a lot of stupidity to account for as companies all across the board fail