Black & Decker to lay off 700

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

[1rudeboy]

The President took the jobs and left the country? This could be hugh.

[Gekko The Great]

Drills, reciprocating saws, motors, large angle grinders, you know buggywhips. Better to sell that manufacturing capability out to make profits and get ready for The Next Big Thing (just don't ask what that is).

[timestax]

timing of this "news" sure is suspect....betcha "bigshots" are DemoncRATs!!

[expat_panama]

I'm a little foggy on all this economics stuff, but the way I understand it is that when some one leaves the factory at the end of the day their job maybe gets put in some big box and either gets put on a boat to say, India or maybe the President takes it and forgets where he put it.

Isn't that why they say the President lost so many million jobs since being elected?

[jslade]

Uh Oh. Hillary better stock up on her industrial strength vibrators before they move offshore.

[1rudeboy]

U.S. subsidiaries in North Carolina have consistently supported a significant number of jobs in the state. They now employ 212,700 North Carolina workers-an increase of approximately 9% over five years.

In comparison to other states, North Carolina has proven to be an attractive location for international employers, ranking 9th in the United States in the number of employees supported by U.S. subsidiaries.

In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries has remained strong over time. They provide the livelihood for around 6.5% of North Carolina's private-sector workforce.

[Willie Green missed the following when it came out]

Infineon Technologies Norht America Corporation, a U.S. subsidiary of a German semiconductor manufacturer, purchased a facility in Cary employing 400 people in the fall of 2003. The average salary of these jobs is approximately $75,000 per year. The company will also invest $8 million in land, building, infrastructure and equipment by the end of 2004. This facility will house research and development, human resources, IT, logistics, finance and administrative functions. This will accompany a research and development plant in Resarch Triangle Park.

Source

[expat_panama]

It doesn't paint a very pretty picture.

[pt17]

Tools from China are junk.

You sure got that right. The American-made tools that used to come out of Delta and Powermatic years ago were great. Their stuff from China & Taiwan certainly is junk by comparison.

[Tempest]

Willie Green is actually French.

[oceanview]

I buy DeWalt and Porter Cable. But I do have a made in japan Makita drill which is good quality.

[wireman]

Black and Decker tools have become junk lately too.

Maybe THAT'S why business sucks.

[Moonman62]

...and, our government has a responsibility for creating a profitable environment within our own borders.

True, and the federal government's recent crackdown on corporate management, while the government wastes more money than ever isn't helping any.

[Moonman62]

It's those damn consumers again. They're unwilling to pay the prices necessary to support high wages for low skilled labor.

[ARCADIA]

while the government wastes more money than ever isn't helping any.

The core issue is neither the reallocation of wealth, nor a differencial in wages. It is our predatory legal system, fed through an infinite slush fund of mandatory insurance coverage that is destroying everything we do and produce here. That is why health care costs continue to climb, why factories continue to leave, and why our individual freedoms continue to be curtailed. Everyone is trying to minimize their exposure to this mandated protections racket.

Until we attack tort reform , and scrap most of mandatory insurance requirements that fund our opposition, we are going to continue to sink.

[spectre]

"Better to sell that manufacturing capability out to make profits and get ready for The Next Big Thing (just don't ask what that is)."

Kerry's got a secret plan - and he may reveal it (or not) right after he's elected.

[oceanview]

cheap tools are more expensive then good ones - because you have to re-purchase the cheap ones again and again. but that's what the retailers want, and the consumers only see the "cost" of something as what is charged for it at the time of purchase.

[Moonman62]

That's true for pros who use their tools a lot. For homeowners, the cheap tool may be just right. It may only be used a few times. There are exceptions, like painting where superior paint and tools do a much better job, even if they are only used once. A person may be better off renting the expensive tools, too. The choice should be up to the consumer.

[television is just wrong]

That's all I'll buy.