March 18, 2005

Wave goodbye

From the outsourcing of America files:
Kone Oyj, the world's biggest maker of escalators, said it will cut 450 jobs and close a plant in Germany as it shifts production to China to reduce costs and target expanding markets in Asia.

It also said it will cut 30 jobs in the United States as it moves elevator door manufacture and some engineering works to India and to the Czech Republic.

4 Comments:

At 3/18/2005 1:50 PM, Anonymous Fly said...

In terms of the most workers displaced, this item belongs primarily in the outsourcing of Europe files, n'est pas?

While this country does incredibly little to prevent the outsourcing of jobs currently held by Americans, I admit a considerable ignorance on this topic: What, if anything, is the EU doing to prevent outsourcing of jobs held by Europeans?

I recognize that within the expanded EU there are now eastern countries with lower labor costs than western European countries, but clearly (in this case at least) that still wasn't enough to prevent 450 jobs gone off to China.

 
At 3/18/2005 3:29 PM, Blogger The Inside Dope said...

You are correct Mr. Fly, though there area handful of jobs being cut in the area.
Needless to say, while this story deals with the closure of a German plant and the shipping of jobs to Asia, this does happen with regularity here in the U.S.

 
At 3/18/2005 3:54 PM, Anonymous Fly said...

Which leaves my initial question still going begging - what is the EU doing about outsourcing?? Anything?? Does anyone know??

 
At 3/18/2005 5:15 PM, Blogger The Inside Dope said...

That, of course, is a good question. Though I'm not able to do the research myself. Feel free to do some digging and report back if you wish.
I do know that the euro is making tremendous gains in the monetary markets against the dollar.

 

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