Motorola also said it would cut another 7,000 jobs, bringing lay-offs for the year to 32,000, or 26 percent of its workforce.
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This is in addition to the fabrication plants previously built there by Motorola.
Many of our computer boards, as well as the semiconductors are now made in China.
Surely there should be an understandable message here. How many of those who are laid off here are going to be able to take advantage of the cheaper computers?
We are moving entire industries to China while putting people out of work here. Wake up!
Do I really wonder what is causing the current recession? Does lowering interest rates address the real problem?
A connection to this?
Motorola said last month shrinking demand for some of its products may result in its first full year operating loss in at least 45 years.
Ya think?