Well - yahoo.
In 3-4 years, when these plants come on line - some people will get a job. In the meantime - that is 3-4 years of saome pain...
Bet they stay outta blue unionized states, too, when they begin to nose around for a place to open shop.
That, plus they assume that Hillary will not nationalize their property. But then they believed Hugo and Fidel as well.
All we have to do is devalue the dollar some more, and we can be just like China! Those lucky dogs get 25 cents an hour and even get their own cot at the factory where they live!
Well, well...opening companies American won’t open.
Lower dollar value =increased investment in America. The free market works fine if it is left alone to work its magic.
There is also a certain attraction to productive, relatively literate, 40-hour-a-week workers who don’t take three months’ vacation and don’t go on strike every time the government says something the unions don’t like. OTOH, every single one of the workers in Europe speaks a foreign language... ;-)
Interesting. Forget about China and The Peoples Republic of Michigan. /sarcasm. Thanks for posting.
French companies, building turbines in the U.S., using illegal Mexican alien labor. What interesting times we live in.
“a maker of high-speed trains and power turbines, this week became the latest European firm to unveil plans for a facility across the Atlantic. The group said it will build a $200 million plant in Chattanooga, Tenn., “
Pardonnez-moi, s’il vous plait, garcon, c’est le choo choo de Chattanooga?
Oui monsiuer, empreintes nombre vignt-neuf. Puis vous donner un lustre de chaussure ?
But...but...but all the jobs are going overseas! They have been ever since Dubya took office, even though inexplicably economic data shows the job numbers going up every month! < /FR drama queens>
What comes around, goes around!
If there is one thing Americans excel at in the business world, it’s supply chain management. No wonder companies come here.
A big reason for these going to America has little if anything to do with exchange rates.
What the French, German and other foriegn companies are trying to do is get away from the outrageous benefits given to France, German and other Euro countries.
Like 2-4 weeks off at Christmas besides 4-6 weeks off for vacation, 3-6 months of family leave for new babies and on down the line besides health insurance costs which make ours look cheap.
In the last decade I did some consulting for some health care firms. One had been headquartered in France and Germany. The CEO and board had moved most research and backup/services to America.
I asked the CEO how they could afford that, and he said simple. I can hire a top Gene Splitter in America for about the same basic salary in Europe. He/She will work 48 to 50 weeks a year versus less than 40 weeks in Europe with excellent American Health Benefits at about 1/3 the cost of insurance in Europe.
They were planning to move most production to America for the same reasons.
Also, the pay and benefits were so good for Americans, the American workers didn’t want to mess with unions.
There were tax benefits, also, that he didn’t want to go into.
Forget about China, the U.S. is the new hot spot for global firms looking for lower production and transport costs, increased supply-chain flexibility and a crack at wooing the world's most demanding customers. France's Alstom a maker of high-speed trains and power turbines, this week became the latest European firm to unveil plans for a facility across the Atlantic. The group said it will build a $200 million plant in Chattanooga, Tenn., to mitigate the impact of the weak dollar on its margins and to get closer to some of its biggest customers.Bush's fault. ;')