On The Ed Show- Bain Capital Shipping More Jobs To China

[jpbollma]

and the workers are fighting back. They have asked Romney to step in and stop it. They also have invited both candidates to their plant. Obama should go there. This should become a major issue.

[AnotherMcIntosh]

1. So Bain is not even waiting until the next job-transferring "free-trade" agreement is signed?

Where are the jobs going to go?

China.

FREEPORT, Ill. — The Freeport City Council passed a resolution Monday, July 16, urging former Massachusetts Gov. Mitt Romney, the presumptive Republican nominee for president, to take a stand for the 170 American workers facing outsourcing by Bain Capital-owned Sensata Technologies in Freeport. The resolution passed unanimously in an 8-0 vote.

Sensata Technologies, which was created by Bain Capital in 2006, develops, manufactures, and sells sensors and controls for major auto manufacturers such as Ford and General Motors.

Bain Capital is a private equity investment firm co-founded by Romney in 1984. Romney served as CEO of the company from 1984 until 2002, according to SEC filings (Romney, however, has repeatedly said he left the company in 1999).

Despite rising profits, the company plans to institute the final layoffs in December. The workers are training their Chinese replacements, who have been flown to Illinois by the company.
http://rockrivertimes.com/2012/07/17/freeport-city-council-votes-to-call-on-romney-to-help-save-170-jobs-from-being-outsourced-from-bain-owned-freeport-plant/