Black & Decker to lay off 700

Big News Network.com ^ | Big News Network.com

[Willie Green]

For education and discussion only. Not for commercial use.

U.S. toolmaker Black & Decker says it will dismiss about 700 employees, shut two factories and move production offshore.

The moves follow a $775 million merger with Pentair's Tools Group unit that Black & Decker bought this month, the Baltimore Sun reported Wednesday.

Workers at the acquired unit will bear many of the job losses: as many as 75 sales, management, marketing and engineering employees out of 1,800, most of whom are in manufacturing and distribution, will be cut at two plants, and more than 100 sales representatives will be fired by year's end.

Black & Decker also will cut 130 full-time employees by the end of the year and 200 temporary workers immediately at a Black & Decker plant in Fayetteville, N.C.

Further, the company, based in Towson, Md., is moving a production line that makes drills, reciprocating saws and motors to Reynosa, Mexico, and production of large angle grinders to the Czech Republic.

[Willie Green]

Axe-chopping at Black & Decker.
Other sources indicate some production being outsourced to China as well.

[Wolfie]

Nah, its an illusion, I tell ya. Doesn't affect anybody important anyway.

[KevinDavis]

So? Companies do have to make a profit to stay in business.

[No-Compromise Conservative]

BUMP

[Josh in PA]

Thank god they are shipping these jobs overseas to save the high paying techincal jobs here.

Right Willie?

[Hermann the Cherusker]

Tools from China are junk.

[12 Gauge Mossberg]

The problem with B & D is that they tried to get too big for their britches and it backfired. They should have stuck to their niche - drills and power tools. They tried to produce other products that were inferior to the competition and which created a glut in the market.

[So Cal Rocket]

Investment Banking Firm Bringing Nearly 400 New Jobs To RTP

EAB Fabrication to Expand in Quincy, Create 137 New Jobs

Salem software company to add up to 50 new jobs

Michigan City Manufacturer to Add 121 New Jobs
New jobs likely with GM plant upgrade

[ARCADIA]

So? Companies do have to make a profit to stay in business.

...and, our government has a responsibility for creating a profitable environment within our own borders. There is no point in having a government funded by us that is satisfied to define industry as something which must reside in China and elsewhere. There are other governments out there that are specifically charged with looking after the interests of their own nations. We may as well fire off the entire federal government and annex ourselves to somebody gives a hoot and has enough competence to do the job.

[AmusedBystander]

Hey Willie,

I guess you didn't get the memo. Pat says he's back on W's team. Get with the program!

[TXBSAFH]

Black and Decker has bee off shoring for awhile now. I refuse to buy their tools anymore.

[Moleman]

This sucks, we just lost a FritoLay plant here in Allan Park as well.

[the_devils_advocate_666]

Craftsman quality. Made in America.
Since 1926, Craftsman has been one of the most respected brands in the world. The quality and dependability of Craftsman tools can be directly attributed to the thousands of American workers who have provided their skills and dedication to setting, maintaining and expanding the high standards of Craftsman quality.

[1rudeboy]

American Eurocopter wins $75 million helicopter contract

Boeing wins 3.8-billion-dollar order for planes

I like the first one because Eurocopter is a subsidiary of Airbus, and the copters will be built in Mississippi. In-sourcing rocks.

[expat_panama]

Thank you so much for the news of the new hirings. So I guess that it's ok if the President takes 700 jobs away from people so long as the President creates 701 new jobs.

He sure must be a very busy man creating and destroying jobs all day long.

[embedded_rebel]

Moving to Calcutta soon.
Going to be a low wage pimp tycoon.

[1rudeboy]

Samsung Initiates $75 Million Second-Stage Expansion of Austin [Texas] Plant

I like this one because it hits the in-sourcing trifecta. Foreign firm, semi-conductor industry, primary export market: China. Rock on, Samsung!

[1rudeboy]

So I guess that it's ok if the President takes 700 jobs away from people . . .

The President took them? Did someone leave the gate open? Or was it outright larceny?

[ARCADIA]

Did someone leave the gate open? Or was it outright larceny?

I think the last time we check the border, it was wide open.

[ampat]

How did the president destroy or create those jobs? Please let us all know, so we can save the country.