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Thread: once the Corporation's Board makes the decision ...

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    Default once the Corporation's Board makes the decision ...

    ... it may take awhile for the results to actually materialize - but they always do !

    (snip)"The maker of Hanes and Champion apparel said it is expanding production in Asia and consolidating into fewer and larger plants in lower-cost countries.

    "Globalizing our supply chain, and eventually balancing production between Asia and the Western Hemisphere, is a critical plank in our strategic efforts to reduce costs, improve product flow and increase our competitiveness," said Hanesbrands Chief Executive Richard A. Noll in a statement.

    The moves will cost $76 million, with about two-thirds of that recorded in the third quarter of 2008.
    Since it was spun off from food maker Sara Lee Corp. in 2006, Hanesbrands has focused on restructuring its business, cutting jobs, closing plants and distribution centers, and moving production to sites in Asia and Central America.

    With the latest restructuring costs, Hanesbrands says it has now taken about $204 million of the $250 million in such charges it expects to incur in the three years following its spinoff.

    As part of the current restructuring the company plans to close seven plants this year. Those include sewing plants in El Salvador, Honduras and Costa Rica, as well as two yarn plants in Eden, N.C. and Gastonia, N.C., a knit-fabric textile plant in Forest City, N.C., and an inventory storage warehouse in Rockingham, N.C.

    By the end of next summer, it will close a sewing plant in Mexico and its last large knit-fabric textile plant in the U.S., located in Eden.

    Textile production from the plants closed will be absorbed into existing plants in Central America. Most of the sewing production from Central American plants that are closing will be moved to the company's Vietnam and Thailand plants. Hanesbrands expects to increase its work force in Asia from 4,000 today to 6,000 by the end of 2008.

    The company is also building a textile fabric plant in Nanjing, China, which is expected to begin to ramp up production in 2009 to supply fabric to the company's expanding Asian sewing network."(snip)

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    Default Re: once the Corporation's Board makes the decision ...

    Brilliant! Corporations saving money is always great for America. It frees up capital so that we can build the next greatest thing and more importantly human resources

    I would rather have an American worker building the next efficient power/energy generator, cure cancers, or build the next tech revolution instead of mining coals, turning bolts, shining shoes or weaving clothes

    If GM had outsourced, they would have excelled and lifted the Detriot/Michigan economy.

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    Default Re: once the Corporation's Board makes the decision ...

    ^^^ well, that's one way to look at it I suppose ... a viewpoint that the 'tin foil hat' crowd refers to as the 'Gene Roddenberry' theory / 'Jean-Luc Picard' theory.

    Unfortunately, the majority of the 'desireable' technologies you refer to require both a lot of education and a lot of natural talent. Even if higher education was provided for free to all comers, at best this would result in perhaps 1/3rd of the US population gaining enough education and bringing enough natural talent to the 'table' to qualify for participation in such a 'selective' economy. What happens to the other 2/3rds - you know, the ones that are presently earning a decent living mining coal and assembling cars or already sitting home collecting unemployment / welfare checks ?

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    Default Re: once the Corporation's Board makes the decision ...

    Quote Originally Posted by xanfiles1 View Post
    Brilliant! Corporations saving money is always great for America. It frees up capital so that we can build the next greatest thing and more importantly human resources

    I would rather have an American worker building the next efficient power/energy generator, cure cancers, or build the next tech revolution instead of mining coals, turning bolts, shining shoes or weaving clothes

    If GM had outsourced, they would have excelled and lifted the Detriot/Michigan economy.
    LOL! GM (and Ford and Chrysler) already outsourced. Didn't seem to help Detroit to much.

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    Default Re: once the Corporation's Board makes the decision ...

    Quote Originally Posted by xanfiles1 View Post

    I would rather have an American worker building the next efficient power/energy generator, cure cancers, or build the next tech revolution instead of mining coals, turning bolts, shining shoes or weaving clothes

    Riiiiiiiiiiiiiiiiiiiiight. Because the average blue collar guy with no college education and a family to support can just go out there and become a doctor the day he loses his job.

    And as if outsourcing isn't bad enough, a lot of companies are importing white collar workers lured by the idea of work visa's and a shot at the American dream. They're often given lower salaries, and it isn't uncommon for them to be bullied into working overtime without pay. So even the more 'desireable' American jobs are at risk.
    Last edited by venusace138; 09-26-2008 at 08:29 AM.

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    Default Re: once the Corporation's Board makes the decision ...

    ^^^ coincidentally or not, this brings us to the TRUE root of the problem. In a global economy, the pay rate for a job requiring low skills, or for that matter medium skills, or even extremely high skills, is set by the lowest global common denominator. When an unskilled Chinese worker is willing to work for $2 an hour, it's extremely difficult for US businesses to justify paying a $7 an hour minimum wage plus another $3 an hour in mandated costs (i.e. unemployment, comp etc.). Same goes for a medium skilled Indian computer programmer, who is willing to work for $30k a year in India or for $50k per year in the US as an H1B 'imported worker' compared to US workers with similar skill levels expecting $100k. Same goes for a super high skilled Cambodian doctor, who is willing to work for $100k in Cambodia or $150k in the US as an H1B 'imported worker', compared to US doctors expecting $250k+.

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